LexinFintech Holdings Ltd – (NASDAQ:LX) saw some unusual options trading activity on Thursday. Traders bought 2,466 call options on the company. This represents an increase of 2,469% compared to the typical volume of 96 call options.
A number of hedge funds and other institutional investors have recently modified their holdings of LX. Bamco Inc. NY bought a new position in LexinFintech in the 2nd quarter worth $22,876,000. Renaissance Technologies LLC raised its holdings in LexinFintech by 278.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,558,528 shares of the company’s stock worth $17,393,000 after purchasing an additional 1,146,514 shares in the last quarter. GAM Holding AG bought a new position in LexinFintech in the 2nd quarter worth $11,641,000. Bank of America Corp DE grew its position in shares of LexinFintech by 842.2% in the 2nd quarter. Bank of America Corp DE now owns 1,106,935 shares of the company’s stock worth $12,354,000 after buying an additional 989,450 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. purchased a new stake in shares of LexinFintech in the 2nd quarter worth about $7,924,000. Institutional investors and hedge funds own 21.09% of the company’s stock.
Shares of NASDAQ LX opened at $10.63 on Friday. LexinFintech has a 12 month low of $6.48 and a 12 month high of $14.66. The firm has a market capitalization of $1.76 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 0.42 and a beta of 1.97. The firm has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $11.47.
A number of research firms recently commented on LX. Zacks Investment Research lowered shares of LexinFintech from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Bank of America upped their price objective on shares of LexinFintech from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. ValuEngine lowered shares of LexinFintech from a “sell” rating to a “strong sell” rating in a report on Saturday. TheStreet lowered shares of LexinFintech from a “c-” rating to a “d+” rating in a report on Friday, October 11th. Finally, BOCOM International started coverage on shares of LexinFintech in a report on Thursday, October 10th. They issued a “buy” rating and a $12.34 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. LexinFintech presently has a consensus rating of “Buy” and an average price target of $15.32.
LexinFintech Company Profile
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms.
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