LexinFintech (NASDAQ:LX) Stock Price Up 4.4% - Time to Buy?

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) shot up 4.4% during mid-day trading on Monday . The stock traded as high as $7.48 and last traded at $7.65. 867,088 shares were traded during trading, a decline of 73% from the average session volume of 3,182,254 shares. The stock had previously closed at $7.33.

Analyst Ratings Changes

A number of brokerages have recently commented on LX. UBS Group set a $13.60 price target on LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered LexinFintech from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th.

LexinFintech Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average of $7.69 and a two-hundred day moving average of $7.85. The stock has a market capitalization of $1.27 billion, a P/E ratio of 6.92 and a beta of 0.41.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 9.44% and a return on equity of 12.52%. The firm had revenue of $427.76 million for the quarter.

Hedge Funds Weigh In On LexinFintech

Institutional investors have recently bought and sold shares of the business. BRIGHT VALLEY CAPITAL Ltd boosted its stake in shares of LexinFintech by 33.0% in the first quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company's stock worth $53,530,000 after buying an additional 1,315,208 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of LexinFintech by 16.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,669,331 shares of the company's stock valued at $47,092,000 after purchasing an additional 663,330 shares during the period. Vanguard Group Inc. purchased a new stake in LexinFintech during the first quarter worth $44,048,000. Alliancebernstein L.P. increased its holdings in LexinFintech by 1,862.9% in the first quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock valued at $37,488,000 after buying an additional 3,526,039 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after acquiring an additional 2,606,969 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.