LexinFintech (NASDAQ:LX) Hits New 12-Month High – What’s Next?

LexinFintech Holdings Ltd. (NASDAQ:LXGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $10.45 and last traded at $10.32, with a volume of 2178995 shares. The stock had previously closed at $9.07.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on LX

LexinFintech Price 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 company has a market cap of $1.73 billion, a P/E ratio of 16.71 and a beta of 0.60. The business’s fifty day moving average is $7.87 and its 200 day moving average is $5.13.

Institutional Investors Weigh In On LexinFintech

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in LexinFintech during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC raised its holdings in LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock valued at $71,000 after acquiring an additional 7,227 shares during the period. QRG Capital Management Inc. raised its holdings in LexinFintech by 24.1% during the 4th quarter. QRG Capital Management Inc. now owns 45,124 shares of the company’s stock valued at $262,000 after acquiring an additional 8,752 shares during the period. Ameriprise Financial Inc. bought a new stake in LexinFintech during the 4th quarter valued at $61,000. Finally, Wolverine Trading LLC purchased a new position in shares of LexinFintech during the 3rd quarter valued at $29,000.

About LexinFintech

(Get Free Report)

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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