Jane Street Group LLC Raises Stake in LexinFintech Holdings Ltd. (NASDAQ:LX)

Jane Street Group LLC grew its stake in LexinFintech Holdings Ltd. (NASDAQ:LX) by 32.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 266,547 shares of the company’s stock after buying an additional 65,964 shares during the quarter. Jane Street Group LLC owned 0.16% of LexinFintech worth $725,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LX. Wolverine Trading LLC purchased a new position in LexinFintech during the third quarter valued at $29,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech during the 2nd quarter worth approximately $36,000. Centiva Capital LP purchased a new stake in LexinFintech in the third quarter valued at $41,000. SG Americas Securities LLC acquired a new position in LexinFintech in the third quarter valued at about $122,000. Finally, Quadrature Capital Ltd purchased a new position in shares of LexinFintech during the third quarter worth $397,000.

LexinFintech Price Performance

Shares of NASDAQ:LX opened at $5.77 on Friday. The company has a 50-day moving average price of $4.66 and a 200 day moving average price of $2.94. The company has a market cap of $947.03 million, a P/E ratio of 9.16 and a beta of 0.68. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a 52 week low of $1.56 and a 52 week high of $6.36.

Analyst Upgrades and Downgrades

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

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.