LexinFintech (NASDAQ:LX) Stock Price Up 5.2% – Here’s What Happened

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) rose 5.2% during trading on Tuesday . The company 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.

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.

LexinFintech Stock Performance

The company has a 50 day simple moving average of $3.93 and a 200-day simple 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. The stock has a market cap of $997.91 million, a P/E ratio of 9.76 and a beta of 0.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Trading LLC bought a new stake in shares of LexinFintech in the 3rd quarter valued at about $29,000. Centiva Capital LP purchased a new position in LexinFintech in the 3rd quarter worth approximately $41,000. Kathmere Capital Management LLC bought a new stake in LexinFintech in the second quarter valued at approximately $36,000. Virtu Financial LLC purchased a new stake in shares of LexinFintech during the third quarter valued at approximately $74,000. Finally, SG Americas Securities LLC bought a new position in shares of LexinFintech in the third quarter worth approximately $122,000.

About LexinFintech

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.