LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) was up 5.2% during mid-day trading on Tuesday . The stock traded as high as $6.14 and last traded at $6.08. Approximately 2,196,043 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 1,869,932 shares. The stock had previously closed at $5.78.
Analyst Upgrades and Downgrades
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Read Our Latest Report on LexinFintech
LexinFintech Price Performance
The company has a market cap of $999.55 million, a PE ratio of 9.65 and a beta of 0.68. The business has a 50 day moving average of $3.93 and a 200 day moving average of $2.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.
Hedge Funds Weigh In On LexinFintech
Several large investors have recently made changes to their positions in LX. Walleye Capital LLC increased 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 acquiring an additional 510,014 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LexinFintech by 25.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock valued at $3,013,000 after acquiring an additional 226,479 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of LexinFintech in the third quarter worth approximately $467,000. Quadrature Capital Ltd purchased a new position in shares of LexinFintech during the third quarter valued at approximately $397,000. Finally, DGS Capital Management LLC lifted its position in LexinFintech by 204.4% during the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company's stock valued at $310,000 after purchasing an additional 76,424 shares during the period.
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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