LexinFintech (NASDAQ:LX) Stock Price Up 5.2% – Time to Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) was up 5.2% during trading on Tuesday . The company traded as high as $6.14 and last traded at $6.08. Approximately 2,196,043 shares changed hands during trading, an increase of 17% from the average daily volume of 1,869,932 shares. The stock had previously closed at $5.78.

Wall Street Analyst Weigh In

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

LexinFintech Stock Up 5.2 %

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 stock has a market capitalization of $997.91 million, a P/E ratio of 9.76 and a beta of 0.68. The stock’s 50-day moving average price is $3.93 and its two-hundred day moving average price is $2.57.

Institutional Investors Weigh In On LexinFintech

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in LexinFintech by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after buying an additional 75,759 shares during the period. Renaissance Technologies LLC lifted its position in shares of LexinFintech by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after acquiring an additional 55,700 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of LexinFintech in the second quarter worth $36,000. SG Americas Securities LLC purchased a new position in shares of LexinFintech in the third quarter valued at $122,000. Finally, GSA Capital Partners LLP raised its stake in shares of LexinFintech by 3.9% during the 3rd quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after purchasing an additional 16,312 shares during the period.

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.