LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $8.67 and last traded at $8.46, with a volume of 2905228 shares trading hands. The stock had previously closed at $8.09.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Read Our Latest Stock Analysis on LexinFintech
LexinFintech Trading Down 5.0 %
The business has a 50 day simple moving average of $6.72 and a 200-day simple moving average of $4.19. 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 stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.02 and a beta of 0.66.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.26 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
Hedge Funds Weigh In On LexinFintech
Several hedge funds and other institutional investors have recently made changes to their positions in LX. SG Americas Securities LLC acquired a new position in LexinFintech during the 3rd quarter worth approximately $122,000. GSA Capital Partners LLP raised its stake in shares of LexinFintech by 3.9% during the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company's stock valued at $1,184,000 after purchasing an additional 16,312 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of LexinFintech by 25.7% during 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. Walleye Capital LLC boosted its stake in shares of LexinFintech by 235.5% in the third quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock valued at $1,976,000 after purchasing an additional 510,014 shares during the period. Finally, Centiva Capital LP acquired a new stake in LexinFintech during the 3rd quarter valued at $41,000.
LexinFintech Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider LexinFintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.
While LexinFintech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
