LexinFintech (NASDAQ:LX) Sees Large Volume Increase – Time to Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) saw an uptick in trading volume on Friday . 2,073,328 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 1,729,918 shares.The stock last traded at $4.96 and had previously closed at $4.90.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Performance

The firm has a market cap of $827.22 million, a P/E ratio of 7.78 and a beta of 0.53. The company’s 50-day moving average is $3.21 and its two-hundred day moving average 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.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in LexinFintech by 25.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock worth $3,013,000 after buying an additional 226,479 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of LexinFintech by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after purchasing an additional 55,700 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after purchasing an additional 510,014 shares during the period. GSA Capital Partners LLP grew its holdings in LexinFintech by 3.9% during the third 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. Finally, American Century Companies Inc. raised its stake in shares of LexinFintech by 33.2% in the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after buying an additional 75,759 shares during the period.

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.