LexinFintech (NASDAQ:LX) Stock Price Up 4.4% – Here’s Why

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) shares shot up 4.4% on Monday . The company traded as high as $7.48 and last traded at $7.65. 867,088 shares traded hands during trading, a decline of 73% from the average session volume of 3,182,254 shares. The stock had previously closed at $7.33.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LX. UBS Group set a $13.60 price target on LexinFintech and gave the company a “buy” rating in a research note on Friday, March 21st. Wall Street Zen cut shares of LexinFintech from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th.

LexinFintech Stock Performance

The firm has a market cap of $1.27 billion, a P/E ratio of 7.15 and a beta of 0.41. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is $7.69 and its two-hundred day moving average is $7.85.

LexinFintech (NASDAQ:LX) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a net margin of 9.44% and a return on equity of 12.52%. The firm had revenue of $427.76 million for the quarter.

Institutional Trading of LexinFintech

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aigen Investment Management LP bought a new position in shares of LexinFintech in the first quarter worth approximately $103,000. Ameriprise Financial Inc. bought a new position in shares of LexinFintech during the 4th quarter valued at about $61,000. CreativeOne Wealth LLC bought a new position in shares of LexinFintech during the 1st quarter valued at about $107,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LexinFintech during the 4th quarter valued at $70,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock valued at $71,000 after buying an additional 7,227 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.