LexinFintech (NASDAQ:LX) Shares Up 6.7% – Time to Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) rose 6.7% on Friday . The stock traded as high as $9.56 and last traded at $9.54. Approximately 2,532,350 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 2,847,383 shares. The stock had previously closed at $8.94.

Analyst Upgrades and Downgrades

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

LexinFintech Price Performance

The firm’s 50-day moving average is $6.90 and its 200-day moving average is $4.30. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.53 billion, a PE ratio of 14.82 and a beta of 0.66.

LexinFintech (NASDAQ:LX) last announced 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

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of LexinFintech during the third quarter valued at approximately $122,000. GSA Capital Partners LLP boosted its holdings in shares of LexinFintech by 3.9% during the 3rd quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after buying an additional 16,312 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position 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 worth $3,013,000 after buying an additional 226,479 shares during the period. Walleye Capital LLC increased its stake in shares of LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after acquiring an additional 510,014 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in LexinFintech during the 3rd quarter valued at about $41,000.

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.