LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.07, but opened at $8.67. LexinFintech shares last traded at $8.92, with a volume of 2,411,730 shares traded.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
View Our Latest Stock Report on LexinFintech
LexinFintech Trading Down 3.6 %
The firm's 50 day simple moving average is $7.23 and its 200-day simple moving average is $4.61. The company has a market capitalization of $1.41 billion, a PE ratio of 13.64 and a beta of 0.66. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.
Institutional Investors Weigh In On LexinFintech
A number of large investors have recently modified their holdings of LX. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in LexinFintech by 25.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock worth $3,013,000 after acquiring an additional 226,479 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of LexinFintech during the fourth quarter worth $1,332,000. Public Employees Retirement System of Ohio purchased a new position in shares of LexinFintech in the third quarter valued at $467,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in LexinFintech during the 4th quarter valued at $445,000. Finally, Walleye Capital LLC increased its stake in LexinFintech by 235.5% during the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock worth $1,976,000 after buying an additional 510,014 shares during the period.
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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