LexinFintech (NASDAQ:LX) Sets New 12-Month High – Here’s What Happened

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) reached a new 52-week high on Thursday . The stock traded as high as $6.28 and last traded at $6.23, with a volume of 1601402 shares traded. The stock had previously closed at $6.04.

Analysts Set New Price Targets

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

LexinFintech Price Performance

The company has a fifty day simple moving average of $4.31 and a two-hundred day simple moving average of $2.77. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.90 and a beta of 0.68. 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

Large investors have recently modified their holdings of the business. Wolverine Trading LLC acquired a new stake in shares of LexinFintech in the 3rd quarter valued at approximately $29,000. Centiva Capital LP bought a new stake in LexinFintech during the 3rd quarter worth $41,000. Kathmere Capital Management LLC acquired a new position in LexinFintech in the 2nd quarter worth about $36,000. Virtu Financial LLC bought a new position in LexinFintech in the third quarter valued at about $74,000. Finally, SG Americas Securities LLC acquired a new stake in shares of LexinFintech during the third quarter valued at about $122,000.

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.