Walleye Capital LLC Has $1.98 Million Stock Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

Walleye Capital LLC lifted its stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) by 235.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 726,588 shares of the company’s stock after buying an additional 510,014 shares during the quarter. Walleye Capital LLC’s holdings in LexinFintech were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LX. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 valued at $3,013,000 after acquiring an additional 226,479 shares in the last quarter. GSA Capital Partners LLP grew its position in LexinFintech by 3.9% in the 3rd 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. SG Americas Securities LLC bought a new stake in LexinFintech during the 3rd quarter valued at $122,000. Kathmere Capital Management LLC acquired a new position in LexinFintech during the second quarter worth $36,000. Finally, Renaissance Technologies LLC lifted its stake in shares of LexinFintech by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock valued at $1,686,000 after buying an additional 55,700 shares in the last quarter.

Analyst Ratings Changes

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

LexinFintech Stock Up 6.2 %

LexinFintech stock opened at $5.51 on Wednesday. LexinFintech Holdings Ltd. has a fifty-two week low of $1.56 and a fifty-two week high of $5.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s 50-day simple moving average is $3.42 and its 200 day simple moving average is $2.32. The stock has a market cap of $904.36 million, a PE ratio of 8.75 and a beta of 0.68.

LexinFintech 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.