LexinFintech (NASDAQ:LX) Trading Up 5.2% – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) traded up 5.2% during mid-day trading on Tuesday . The stock traded as high as $6.14 and last traded at $6.08. Approximately 2,196,043 shares traded hands during trading, an increase of 17% from the average session volume of 1,869,932 shares. The stock had previously closed at $5.78.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock Up 1.6 %

The company has a market capitalization of $956.88 million, a P/E ratio of 9.25 and a beta of 0.68. The stock has a 50-day moving average price of $4.04 and a 200-day moving average price of $2.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolverine Trading LLC purchased a new stake in LexinFintech in the 3rd quarter valued at $29,000. Kathmere Capital Management LLC bought a new position in LexinFintech in the 2nd quarter worth about $36,000. Centiva Capital LP purchased a new position in shares of LexinFintech during the 3rd quarter valued at $41,000. Virtu Financial LLC purchased a new stake in shares of LexinFintech in the 3rd quarter valued at about $74,000. Finally, SG Americas Securities LLC bought a new stake in shares of LexinFintech during the 3rd quarter valued at about $122,000.

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.