LexinFintech (NASDAQ:LX) Reaches New 1-Year High – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $6.85 and last traded at $6.66, with a volume of 17671 shares traded. The stock had previously closed at $6.79.

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 Price Performance

The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.52 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. The company’s fifty day moving average is $5.30 and its two-hundred day moving average is $3.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 valued at $3,013,000 after acquiring an additional 226,479 shares during the period. Public Employees Retirement System of Ohio bought a new stake in LexinFintech in the third quarter worth about $467,000. Walleye Capital LLC lifted its holdings in LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after acquiring an additional 510,014 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of LexinFintech during the 3rd quarter valued at about $397,000. Finally, Jane Street Group LLC grew its stake in shares of LexinFintech by 32.9% in the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock worth $725,000 after purchasing an additional 65,964 shares during the last quarter.

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.