LexinFintech (NASDAQ:LX) Hits New 52-Week High – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $7.75 and last traded at $7.66, with a volume of 1178783 shares trading hands. The stock had previously closed at $7.63.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Performance

The company has a fifty day moving average price of $5.60 and a two-hundred day moving average price of $3.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $1.26 billion, a P/E ratio of 12.20 and a beta of 0.63.

LexinFintech (NASDAQ:LX) last issued its quarterly 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 large investors have recently modified their holdings of LX. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of LexinFintech by 25.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock valued at $3,013,000 after acquiring an additional 226,479 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of LexinFintech in the 3rd quarter valued at about $467,000. Walleye Capital LLC increased its position in LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after buying an additional 510,014 shares in the last quarter. Quadrature Capital Ltd acquired a new position in LexinFintech during the 3rd quarter worth approximately $397,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech in the fourth quarter valued at approximately $29,000.

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.