LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $9.09 and last traded at $8.84, with a volume of 716300 shares changing hands. The stock had previously closed at $8.73.
Wall Street Analyst Weigh In
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th.
Get Our Latest Research Report on LX
LexinFintech Price Performance
The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $6.97 and a two-hundred day simple moving average of $4.37. The stock has a market cap of $1.54 billion, a PE ratio of 14.86 and a beta of 0.66.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
Hedge Funds Weigh In On LexinFintech
A number of large investors have recently bought and sold shares of LX. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in LexinFintech in the fourth quarter valued at $23,142,000. Arrowstreet Capital Limited Partnership raised its position in shares of LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after purchasing an additional 2,606,969 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of LexinFintech by 21.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock worth $10,409,000 after purchasing an additional 315,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LexinFintech by 35.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock worth $8,703,000 after purchasing an additional 392,870 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of LexinFintech during the 4th quarter worth about $7,687,000.
LexinFintech Company Profile
(
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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.
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