LexinFintech (NASDAQ:LX) Sees Unusually-High Trading Volume – Here’s Why

LexinFintech Holdings Ltd. (NASDAQ:LX) saw unusually-strong trading volume on Friday . Approximately 463,225 shares were traded during trading, a decline of 53% from the previous session’s volume of 994,924 shares.The stock last traded at $5.97 and had previously closed at $5.77.

Wall Street Analysts Forecast Growth

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

LexinFintech Trading Up 6.2 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $1.01 billion, a PE ratio of 9.73 and a beta of 0.68. The company’s fifty day moving average is $4.66 and its 200-day moving average is $2.94.

Institutional Trading of LexinFintech

Several large investors have recently bought and sold shares of the business. Walleye Capital LLC increased its holdings 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. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LexinFintech by 25.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock valued at $3,013,000 after buying an additional 226,479 shares during the period. Public Employees Retirement System of Ohio acquired a new position in LexinFintech during the 3rd quarter worth about $467,000. Quadrature Capital Ltd purchased a new stake in LexinFintech during the third quarter worth about $397,000. Finally, DGS Capital Management LLC lifted its position in shares of LexinFintech by 204.4% during the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company’s stock worth $310,000 after purchasing an additional 76,424 shares in 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.