LexinFintech (NASDAQ:LX) Sees Unusually-High Trading Volume – Time to Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) saw strong trading volume on Friday . 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 Analyst Weigh In

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

LexinFintech Stock Up 6.2 %

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

Institutional Investors Weigh In On LexinFintech

Institutional investors have recently added to or reduced their stakes in the business. DGS Capital Management LLC increased its holdings in shares of LexinFintech by 204.4% in the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company’s stock valued at $310,000 after purchasing an additional 76,424 shares during the period. Virtu Financial LLC purchased a new position in LexinFintech during the 3rd quarter worth $74,000. Public Employees Retirement System of Ohio acquired a new stake in shares of LexinFintech in the 3rd quarter worth $467,000. XTX Topco Ltd acquired a new stake in LexinFintech in the third quarter valued at about $196,000. Finally, Jane Street Group LLC boosted its holdings in LexinFintech by 32.9% in the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock valued at $725,000 after purchasing an additional 65,964 shares in the last quarter.

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.