LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $9.36, but opened at $8.81. LexinFintech shares last traded at $7.87, with a volume of 2,979,505 shares changing hands.
Analysts Set New Price Targets
Separately, Citigroup raised shares of LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th.
Check Out Our Latest Stock Report on LX
LexinFintech Stock Performance
The company has a market capitalization of $1.52 billion, a P/E ratio of 14.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The stock's 50 day simple moving average is $7.12 and its two-hundred day simple moving average is $4.51.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
Institutional Investors Weigh In On LexinFintech
Several hedge funds have recently bought and sold shares of LX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech during the fourth quarter worth $29,000. Wolverine Trading LLC acquired a new stake in LexinFintech in the 3rd quarter valued at $29,000. Centiva Capital LP acquired a new stake in LexinFintech in the 3rd quarter valued at $41,000. Ameriprise Financial Inc. acquired a new stake in LexinFintech in the 4th quarter valued at $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech in the 4th quarter valued at $70,000.
About LexinFintech
(
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.
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