Redwood Wealth Management Group LLC acquired a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 61,855 shares of the company's stock, valued at approximately $359,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new stake in shares of LexinFintech during the 3rd quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech during the fourth quarter worth approximately $29,000. Centiva Capital LP purchased a new stake in shares of LexinFintech in the 3rd quarter valued at about $41,000. Virtu Financial LLC purchased a new stake in LexinFintech in the 3rd quarter valued at $74,000. Finally, Kathmere Capital Management LLC purchased a new position in LexinFintech during the 4th quarter worth $79,000.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Check Out Our Latest Report on LX
LexinFintech Trading Up 0.4 %
Shares of LX traded up $0.03 on Friday, hitting $8.23. 1,574,755 shares of the stock traded hands, compared to its average volume of 2,625,193. The firm has a market capitalization of $1.35 billion, a P/E ratio of 13.06 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. LexinFintech Holdings Ltd. has a 1 year low of $1.56 and a 1 year high of $8.50. The stock's 50 day moving average is $6.40 and its two-hundred day moving average is $3.88.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
About LexinFintech
(
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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