LexinFintech (NASDAQ:LX) Trading Up 4.4% - What's Next?

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LX. UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st. Wall Street Zen cut shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th.

LexinFintech Trading Up 1.0%

The company's 50-day moving average price is $7.66 and its 200-day moving average price is $7.85. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 6.63 and a beta of 0.41. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.12.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in LexinFintech by 115.9% in the 4th quarter. Bank of America Corp DE now owns 1,134,716 shares of the company's stock worth $6,581,000 after buying an additional 609,233 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of LexinFintech by 188,730.8% in the 4th quarter. BNP Paribas Financial Markets now owns 122,740 shares of the company's stock worth $712,000 after purchasing an additional 122,675 shares during the last quarter. Man Group plc bought a new stake in shares of LexinFintech in the 4th quarter worth about $549,000. Ritholtz Wealth Management bought a new stake in shares of LexinFintech in the 1st quarter worth about $164,000. Finally, Squarepoint Ops LLC bought a new stake in shares of LexinFintech during the 4th quarter valued at about $230,000.

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.