LexinFintech (NASDAQ:LX) Sets New 1-Year High – Here’s Why

Posted by Tammy Falkenburg on Jan 29th, 2025

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $7.75 and last traded at $7.66, with a volume of 1178783 shares changing hands. The stock had previously closed at $7.63.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on LexinFintech

LexinFintech Trading Up 2.8 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.27 billion, a P/E ratio of 12.27 and a beta of 0.63. The firm’s 50-day simple moving average is $5.77 and its 200 day simple moving average is $3.56.

LexinFintech (NASDAQ:LX – Get Free Report) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

Institutional Investors Weigh In On LexinFintech

Several hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of LexinFintech during the 4th quarter valued at about $29,000. Wolverine Trading LLC purchased a new stake in shares of LexinFintech in the 3rd quarter valued at $29,000. Kathmere Capital Management LLC bought a new position in shares of LexinFintech during the 4th quarter valued at $79,000. Centiva Capital LP bought a new stake in LexinFintech in the third quarter worth $41,000. Finally, Virtu Financial LLC purchased a new stake in LexinFintech during the third quarter valued at about $74,000.

About LexinFintech

(Get Free Report)

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.