LexinFintech (NASDAQ:LX) Stock Price Up 5.3% – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX)’s stock price was up 5.3% during trading on Monday . The stock traded as high as $5.95 and last traded at $5.95. Approximately 640,539 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 1,496,891 shares. The stock had previously closed at $5.65.

Wall Street Analyst Weigh In

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 50-day simple moving average of $4.97 and a 200-day simple moving average of $3.13. The company has a market cap of $968.37 million, a price-to-earnings ratio of 9.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.

Institutional Investors Weigh In On LexinFintech

Institutional investors and hedge funds have recently bought and sold shares of the stock. DGS Capital Management LLC increased its holdings in shares of LexinFintech by 204.4% during the 3rd quarter. DGS Capital Management LLC now owns 113,820 shares of the company’s stock worth $310,000 after buying an additional 76,424 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of LexinFintech during the third quarter valued at about $74,000. Public Employees Retirement System of Ohio bought a new position in shares of LexinFintech during the third quarter worth about $467,000. XTX Topco Ltd bought a new position in shares of LexinFintech during the third quarter worth about $196,000. Finally, Jane Street Group LLC lifted its holdings in LexinFintech by 32.9% in the third quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock worth $725,000 after acquiring an additional 65,964 shares during 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.