LexinFintech (NASDAQ:LX) Sets New 12-Month High – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $7.75 and last traded at $7.66, with a volume of 1178783 shares changing hands. The stock had previously closed at $7.63.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Price Performance

The company’s 50 day simple moving average is $5.60 and its 200 day simple moving average is $3.48. 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 $1.26 billion, a P/E ratio of 12.20 and a beta of 0.63.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Walleye Capital LLC raised its position in shares of LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after buying 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% in 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 purchasing an additional 226,479 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of LexinFintech in the 3rd quarter valued at $467,000. Quadrature Capital Ltd acquired a new position in shares of LexinFintech during the 3rd quarter worth $397,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of LexinFintech during the 4th quarter worth $445,000.

LexinFintech Company Profile

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.