LexinFintech (NASDAQ:LX) Upgraded at Citigroup

Citigroup upgraded shares of LexinFintech (NASDAQ:LX) from a neutral rating to a buy rating in a research note released on Tuesday morning, MarketBeat reports.

LexinFintech Trading Up 14.8 %

Shares of LX opened at $4.90 on Tuesday. LexinFintech has a fifty-two week low of $1.56 and a fifty-two week high of $5.07. The company has a market capitalization of $804.24 million, a PE ratio of 7.78 and a beta of 0.53. The stock has a fifty day moving average of $3.21 and a two-hundred day moving average of $2.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77.

LexinFintech (NASDAQ:LX) last released its earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. LexinFintech had a return on equity of 7.62% and a net margin of 5.34%. The firm had revenue of $500.98 million during the quarter.

Institutional Trading of LexinFintech

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Trading LLC acquired a new stake in LexinFintech during the 3rd quarter worth approximately $29,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the second quarter worth $36,000. Centiva Capital LP acquired a new stake in shares of LexinFintech in the third quarter worth $41,000. Virtu Financial LLC purchased a new position in shares of LexinFintech in the 3rd quarter valued at $74,000. Finally, SG Americas Securities LLC acquired a new position in shares of LexinFintech during the 3rd quarter valued at $122,000.

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.