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

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.49 and last traded at $6.26, with a volume of 3606080 shares. The stock had previously closed at $5.90.

Analyst Ratings Changes

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

LexinFintech Trading Down 0.6 %

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $5.17 and a 200-day moving average price of $3.24. The firm has a market capitalization of $1.04 billion, a PE ratio of 10.06 and a beta of 0.63.

Hedge Funds Weigh In On LexinFintech

A number of large investors have recently made changes to their positions in LX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in LexinFintech in the 4th quarter valued at approximately $29,000. Kathmere Capital Management LLC purchased a new position in shares of LexinFintech in the fourth quarter valued at $79,000. DGS Capital Management LLC increased its position in shares of LexinFintech by 204.4% in the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company’s stock valued at $310,000 after buying an additional 76,424 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of LexinFintech during the 3rd quarter worth $74,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of LexinFintech in the 3rd quarter worth about $467,000.

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.