LexinFintech Holdings Ltd. (NASDAQ:LX – Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders purchased 11,522 call options on the company. This represents an increase of 4,000% compared to the average volume of 281 call options.
LexinFintech Stock Performance
Shares of LexinFintech stock opened at $3.40 on Friday. The business has a 50-day simple moving average of $1.86 and a 200 day simple moving average of $1.80. LexinFintech has a one year low of $1.56 and a one year high of $4.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $558.04 million, a price-to-earnings ratio of 4.47 and a beta of 0.53.
LexinFintech (NASDAQ:LX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%. The business had revenue of $500.98 million during the quarter.
LexinFintech Increases Dividend
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Paloma Partners Management Co purchased a new position in LexinFintech in the first quarter worth $30,000. Kathmere Capital Management LLC purchased a new position in shares of LexinFintech in the 2nd quarter worth about $36,000. QRG Capital Management Inc. grew its position in LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock valued at $98,000 after buying an additional 15,245 shares during the period. SG Americas Securities LLC purchased a new stake in LexinFintech during the third quarter worth about $122,000. Finally, Virtu Financial LLC bought a new stake in LexinFintech in the first quarter worth about $149,000.
LexinFintech Company 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.
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