Virtu Financial LLC Invests $74,000 in LexinFintech Holdings Ltd. (NASDAQ:LX)

Virtu Financial LLC purchased a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 27,244 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LX. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LexinFintech by 25.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock valued at $3,013,000 after purchasing an additional 226,479 shares in the last quarter. Walleye Capital LLC grew its stake in shares of LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after buying an additional 510,014 shares during the last quarter. Quadrature Capital Ltd bought a new position in LexinFintech during the 3rd quarter valued at approximately $397,000. American Century Companies Inc. raised its stake in LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after buying an additional 75,759 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in LexinFintech in the second quarter worth $36,000.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock Up 1.6 %

Shares of LexinFintech stock opened at $5.83 on Friday. The company has a 50-day simple moving average of $4.09 and a two-hundred day simple moving average of $2.65. LexinFintech Holdings Ltd. has a 52-week low of $1.56 and a 52-week high of $6.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $956.88 million, a PE ratio of 9.25 and a beta of 0.68.

LexinFintech 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.