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

LexinFintech Holdings Ltd. (NASDAQ:LX) reached a new 52-week high during trading on Wednesday . The company traded as high as $5.07 and last traded at $5.02, with a volume of 11940535 shares trading hands. The stock had previously closed at $4.27.

Wall Street Analyst Weigh In

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

LexinFintech Stock Performance

The stock’s 50 day moving average price is $3.21 and its 200 day moving average price is $2.25. The company has a current ratio of 1.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.10. The company has a market cap of $804.24 million, a price-to-earnings ratio of 7.78 and a beta of 0.53.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $500.98 million during the quarter.

Institutional Trading of LexinFintech

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in LexinFintech during the 3rd quarter worth approximately $74,000. Public Employees Retirement System of Ohio acquired a new stake in LexinFintech during the 3rd quarter worth approximately $467,000. XTX Topco Ltd purchased a new position in LexinFintech in the 3rd quarter worth approximately $196,000. Jane Street Group LLC boosted its holdings in LexinFintech by 32.9% in the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock worth $725,000 after acquiring an additional 65,964 shares during the period. Finally, Wolverine Trading LLC purchased a new position in LexinFintech in the 3rd quarter worth approximately $29,000.

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.