LexinFintech (NASDAQ:LX) Sees Large Volume Increase – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares saw an uptick in trading volume on Tuesday . 653,594 shares were traded during trading, a decline of 60% from the previous session’s volume of 1,628,810 shares.The stock last traded at $6.33 and had previously closed at $5.90.

Analysts Set New Price Targets

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

LexinFintech Trading Down 0.6 %

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 firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.06 and a beta of 0.63. The company has a 50 day moving average price of $5.12 and a 200 day moving average price of $3.22.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 purchasing an additional 226,479 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in LexinFintech during the third quarter worth approximately $467,000. Walleye Capital LLC raised 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 purchasing an additional 510,014 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of LexinFintech during the third quarter worth about $397,000. Finally, Jane Street Group LLC grew its holdings in shares of LexinFintech by 32.9% during the third quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock worth $725,000 after buying an additional 65,964 shares during the last quarter.

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.