Thurston Springer Miller Herd & Titak Inc. purchased a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the company’s stock, valued at approximately $29,000.
Several other institutional investors have also made changes to their positions in the stock. Wolverine Trading LLC acquired a new position in LexinFintech in the third quarter valued at about $29,000. Kathmere Capital Management LLC acquired a new position in LexinFintech in the fourth quarter valued at about $79,000. Centiva Capital LP acquired a new position in LexinFintech in the third quarter valued at about $41,000. Virtu Financial LLC acquired a new position in LexinFintech in the third quarter valued at about $74,000. Finally, SG Americas Securities LLC acquired a new position in LexinFintech in the third quarter valued at about $122,000.
Analysts Set New Price Targets
Separately, Citigroup raised LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.
LexinFintech Stock Up 7.1 %
Shares of NASDAQ LX opened at $6.79 on Friday. 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 $1.11 billion, a price-to-earnings ratio of 10.78 and a beta of 0.63. LexinFintech Holdings Ltd. has a 12 month low of $1.56 and a 12 month high of $6.83. The stock has a 50-day moving average price of $5.24 and a two-hundred day moving average price of $3.28.
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.
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