LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price traded up 6.7% during mid-day trading on Friday . The stock traded as high as $9.56 and last traded at $9.54. 2,532,350 shares were traded during trading, a decline of 11% from the average session volume of 2,847,383 shares. The stock had previously closed at $8.94.
Analysts Set New Price Targets
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
Check Out Our Latest Report on LexinFintech
LexinFintech Price Performance
The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.81 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. The stock has a fifty day moving average of $7.01 and a 200-day moving average of $4.44.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results 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 large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech in the 4th quarter valued at about $29,000. Wolverine Trading LLC purchased a new stake in LexinFintech in the third quarter valued at approximately $29,000. Centiva Capital LP acquired a new stake in shares of LexinFintech in the third quarter valued at approximately $41,000. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of LexinFintech during the fourth quarter worth approximately $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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