LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares shot up 5.3% during trading on Monday . The company traded as high as $5.95 and last traded at $5.95. 640,539 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,496,891 shares. The stock had previously closed at $5.65.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Check Out Our Latest Analysis on LexinFintech
LexinFintech Stock Performance
The stock has a fifty day simple moving average of $4.97 and a 200-day simple moving average of $3.13. The stock has a market cap of $968.37 million, a P/E ratio of 9.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.
Hedge Funds Weigh In On LexinFintech
Large investors have recently modified their holdings of the business. Walleye Capital LLC grew its stake in shares of LexinFintech by 235.5% in the third quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock worth $1,976,000 after purchasing an additional 510,014 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LexinFintech by 25.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock worth $3,013,000 after purchasing an additional 226,479 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in LexinFintech during the third quarter valued at $467,000. Quadrature Capital Ltd bought a new stake in LexinFintech during the third quarter valued at $397,000. Finally, DGS Capital Management LLC boosted 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 acquiring an additional 76,424 shares during 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.
Further Reading
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