LexinFintech (NASDAQ:LX) Hits New 12-Month High - Here's Why

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $6.85 and last traded at $6.66, with a volume of 17671 shares trading hands. The stock had previously closed at $6.79.

Analyst Ratings Changes

Separately, Citigroup raised shares of LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.

LexinFintech Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $5.30 and a two-hundred day moving average of $3.33. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 10.40 and a beta of 0.63.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its stake in LexinFintech by 25.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock worth $3,013,000 after purchasing an additional 226,479 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of LexinFintech by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company's stock valued at $1,686,000 after acquiring an additional 55,700 shares during the last quarter. Walleye Capital LLC raised its position in shares of LexinFintech by 235.5% during the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock valued at $1,976,000 after acquiring an additional 510,014 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company's stock worth $1,184,000 after purchasing an additional 16,312 shares during the period. Finally, American Century Companies Inc. raised its stake in LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company's stock worth $501,000 after acquiring an additional 75,759 shares during the period.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.