Redwood Wealth Management Group LLC Takes $359,000 Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Redwood Wealth Management Group LLC purchased a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,855 shares of the company’s stock, valued at approximately $359,000.

Several other large investors have also recently modified their holdings of LX. Walleye Capital LLC raised its stake in LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after buying an additional 510,014 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in LexinFintech by 25.7% during the third 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 last quarter. Public Employees Retirement System of Ohio bought a new position in LexinFintech during the third quarter worth $467,000. Quadrature Capital Ltd bought a new position in LexinFintech during the third quarter worth $397,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in LexinFintech during the fourth quarter worth $445,000.

Wall Street Analysts Forecast Growth

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

LexinFintech Trading Up 3.9 %

LX opened at $8.02 on Wednesday. LexinFintech Holdings Ltd. has a 1-year low of $1.56 and a 1-year high of $8.50. 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 company has a market cap of $1.32 billion, a P/E ratio of 12.73 and a beta of 0.66. The company has a fifty day moving average price of $6.21 and a two-hundred day moving average price of $3.78.

LexinFintech (NASDAQ:LX) last posted its quarterly 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%.

LexinFintech 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.