E Fund Management Co. Ltd. Purchases Shares of 76,800 LexinFintech Holdings Ltd. (NASDAQ:LX)

E Fund Management Co. Ltd. acquired a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 76,800 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LX. GSA Capital Partners LLP lifted its holdings in LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock worth $1,184,000 after purchasing an additional 16,312 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised 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 worth $3,013,000 after buying an additional 226,479 shares in the last quarter. Walleye Capital LLC lifted 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 acquiring an additional 510,014 shares during the period. Centiva Capital LP bought a new position in shares of LexinFintech in the third quarter valued at approximately $41,000. Finally, Quadrature Capital Ltd acquired a new position in shares of LexinFintech during the third quarter valued at approximately $397,000.

LexinFintech Trading Down 2.2 %

Shares of LexinFintech stock opened at $9.06 on Friday. The business has a fifty day simple moving average of $7.52 and a 200-day simple moving average of $4.87. LexinFintech Holdings Ltd. has a fifty-two week low of $1.56 and a fifty-two week high of $9.82. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 14.38 and a beta of 0.60. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

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

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.