LexinFintech (NASDAQ:LX) Sets New 52-Week High – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.67 and last traded at $8.46, with a volume of 2905228 shares changing hands. The stock had previously closed at $8.09.

Analysts Set New Price Targets

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

LexinFintech Price Performance

The company has a market cap of $1.35 billion, a price-to-earnings ratio of 13.02 and a beta of 0.66. The company has a 50 day moving average price of $6.63 and a 200-day moving average price of $4.06. 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 (NASDAQ:LX) last released its earnings results on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Institutional Trading of LexinFintech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LX. Schonfeld Strategic Advisors LLC bought a new position in shares of LexinFintech during the 4th quarter worth approximately $7,510,000. Tudor Investment Corp ET AL bought a new position in shares of LexinFintech in the 4th quarter worth $585,000. Tower Research Capital LLC TRC lifted its holdings in shares of LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after purchasing an additional 7,227 shares in the last quarter. Seldon Capital LP bought a new position in shares of LexinFintech in the 4th quarter worth $2,267,000. Finally, Dimensional Fund Advisors LP lifted its stake in LexinFintech by 21.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company’s stock valued at $10,409,000 after acquiring an additional 315,243 shares in the last quarter.

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.