LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.50, but opened at $8.95. LexinFintech shares last traded at $9.26, with a volume of 532,694 shares traded.
Analyst Upgrades and Downgrades
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th.
View Our Latest Analysis on LX
LexinFintech Trading Down 2.2 %
The stock has a market capitalization of $1.49 billion, a P/E ratio of 14.38 and a beta of 0.60. The stock has a 50-day moving average price of $7.52 and a two-hundred day moving average price of $4.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.
Institutional Investors Weigh In On LexinFintech
A number of large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in shares of LexinFintech during the fourth quarter valued at approximately $1,332,000. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $3,013,000 after purchasing an additional 226,479 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of LexinFintech during the third quarter valued at approximately $467,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of LexinFintech during the fourth quarter valued at approximately $445,000. Finally, Walleye Capital LLC boosted its position in shares of LexinFintech by 235.5% during 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 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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