LexinFintech (NASDAQ:LX) Trading 6.4% Higher – Should You Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) were up 6.4% during mid-day trading on Friday . The stock traded as high as $7.04 and last traded at $7.00. Approximately 653,941 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 2,078,732 shares. The stock had previously closed at $6.58.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Performance

The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.84 and a beta of 0.63. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a 50 day simple moving average of $5.44 and a 200-day simple moving average of $3.39.

LexinFintech (NASDAQ:LX) last released its earnings results on Monday, November 25th. The company reported $0.26 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Hedge Funds Weigh In On LexinFintech

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech during the 4th quarter valued at $29,000. Wolverine Trading LLC bought a new position in LexinFintech during the third quarter valued at about $29,000. Kathmere Capital Management LLC purchased a new stake in LexinFintech during the fourth quarter worth about $79,000. Centiva Capital LP purchased a new position in LexinFintech in the third quarter valued at about $41,000. Finally, GSA Capital Partners LLP grew its position in shares of LexinFintech by 3.9% during the 3rd quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after acquiring an additional 16,312 shares during the period.

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.