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 trading on Wednesday . The stock traded as high as $9.09 and last traded at $8.84, with a volume of 716300 shares. The stock had previously closed at $8.73.

Wall Street Analyst Weigh In

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

LexinFintech Stock Performance

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 firm has a market capitalization of $1.43 billion, a P/E ratio of 13.85 and a beta of 0.66. The business’s 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $4.19.

LexinFintech (NASDAQ:LX) last announced 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%.

Institutional Investors Weigh In On LexinFintech

Several large investors have recently bought and sold shares of the business. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of LexinFintech during the 4th quarter valued at about $23,142,000. Arrowstreet Capital Limited Partnership lifted its position in LexinFintech by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock valued at $21,478,000 after purchasing an additional 2,606,969 shares during the period. JPMorgan Chase & Co. purchased a new stake in LexinFintech in the fourth quarter worth approximately $7,687,000. Schonfeld Strategic Advisors LLC bought a new stake in LexinFintech in the 4th quarter worth approximately $7,510,000. Finally, Barclays PLC purchased a new stake in LexinFintech during the 4th quarter valued at $7,131,000.

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.