LexinFintech (NASDAQ:LX) Sees Strong Trading Volume – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) saw an uptick in trading volume on Thursday . 4,238,152 shares changed hands during trading, an increase of 56% from the previous session’s volume of 2,719,645 shares.The stock last traded at $9.07 and had previously closed at $8.72.

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 Up 1.9 %

The business has a fifty day moving average of $6.84 and a 200 day moving average of $4.27. 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 capitalization of $1.46 billion, a PE ratio of 14.10 and a beta of 0.66.

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

Institutional Investors Weigh In On LexinFintech

Institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech during the fourth quarter worth approximately $29,000. Ameriprise Financial Inc. acquired a new position in shares of LexinFintech in the fourth quarter valued at approximately $61,000. Wolverine Trading LLC acquired a new position in shares of LexinFintech in the third quarter valued at approximately $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of LexinFintech in the fourth quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock valued at $71,000 after purchasing an additional 7,227 shares during the period.

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.