LexinFintech (NASDAQ:LX) Stock Price Up 6.7% – What’s Next?

LexinFintech Holdings Ltd. (NASDAQ:LX) rose 6.7% during mid-day trading on Friday . The company traded as high as $9.56 and last traded at $9.54. Approximately 2,532,350 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 2,847,383 shares. The stock had previously closed at $8.94.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Up 4.7 %

The business’s 50 day moving average is $6.97 and its 200 day moving average is $4.37. 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 market cap of $1.54 billion, a P/E ratio of 14.86 and a beta of 0.66.

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

Institutional Investors Weigh In On LexinFintech

Several institutional investors have recently added to or reduced their stakes in the business. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in LexinFintech during the 4th quarter valued at about $23,142,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock valued at $21,478,000 after acquiring an additional 2,606,969 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of LexinFintech in the 4th quarter valued at $7,687,000. Schonfeld Strategic Advisors LLC purchased a new stake in LexinFintech in the fourth quarter valued at $7,510,000. Finally, Barclays PLC purchased a new stake in LexinFintech in the fourth quarter valued at $7,131,000.

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.