Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shot up 6% during trading on Tuesday . The stock traded as high as $9.14 and last traded at $9.06. 1,645,359 shares were traded during mid-day trading, a decline of 49% from the average session volume of 3,238,197 shares. The stock had previously closed at $8.55.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
Read Our Latest Research Report on LexinFintech
LexinFintech Stock Performance
The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.73 and a beta of 0.60. The stock has a 50 day simple moving average of $7.57 and a two-hundred day simple moving average of $4.94.
Institutional Investors Weigh In On LexinFintech
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new position in shares of LexinFintech during the fourth quarter worth about $1,371,000. Public Employees Retirement System of Ohio grew its stake in LexinFintech by 8.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 185,988 shares of the company's stock worth $1,079,000 after buying an additional 14,227 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in LexinFintech during the 4th quarter worth approximately $2,565,000. Squarepoint Ops LLC acquired a new position in LexinFintech during the fourth quarter worth approximately $230,000. Finally, Point72 Asset Management L.P. purchased a new stake in LexinFintech in the fourth quarter valued at approximately $1,053,000.
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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