LexinFintech (NASDAQ:LX) Hits New 12-Month High – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $6.49 and last traded at $6.26, with a volume of 3606080 shares trading hands. The stock had previously closed at $5.90.

Analyst Ratings Changes

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

LexinFintech Price Performance

The stock has a 50-day simple moving average of $5.07 and a 200 day simple moving average of $3.19. The company has a market cap of $1.03 billion, a PE ratio of 9.94 and a beta of 0.63. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On LexinFintech

Institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of LexinFintech in the 4th quarter worth approximately $29,000. Wolverine Trading LLC purchased a new stake in LexinFintech in the third quarter valued at approximately $29,000. Kathmere Capital Management LLC acquired a new position in LexinFintech during the fourth quarter worth $79,000. Centiva Capital LP purchased a new position in shares of LexinFintech during the third quarter worth $41,000. Finally, GSA Capital Partners LLP grew its stake in shares of LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after buying an additional 16,312 shares in the last quarter.

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.