Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.78, but opened at $7.99. LexinFintech shares last traded at $8.14, with a volume of 740,939 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
View Our Latest Report on LX
LexinFintech Price Performance
The company's 50 day moving average price is $6.68 and its 200 day moving average price is $4.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap 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 released 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 Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its position in LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after buying an additional 2,606,969 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of LexinFintech by 21.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock valued at $10,409,000 after acquiring an additional 315,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in LexinFintech by 35.5% in the fourth 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 period. JPMorgan Chase & Co. bought a new position in LexinFintech during the fourth quarter worth about $7,687,000. Finally, Walleye Capital LLC increased its stake in LexinFintech by 81.8% during the 4th quarter. Walleye Capital LLC now owns 1,321,208 shares of the company's stock worth $7,663,000 after purchasing an additional 594,620 shares in the last quarter.
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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