Wolverine Trading LLC Purchases Shares of 10,823 LexinFintech Holdings Ltd. (NASDAQ:LX)

Wolverine Trading LLC purchased a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,823 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LexinFintech by 25.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock worth $3,013,000 after buying an additional 226,479 shares during the period. Walleye Capital LLC boosted its position in shares of LexinFintech by 235.5% in the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after buying an additional 510,014 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of LexinFintech in the third quarter worth about $397,000. American Century Companies Inc. boosted its position in shares of LexinFintech by 33.2% in the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after buying an additional 75,759 shares during the period. Finally, Kathmere Capital Management LLC purchased a new stake in shares of LexinFintech in the second quarter worth about $36,000.

LexinFintech Trading Up 5.4 %

Shares of NASDAQ LX opened at $6.09 on Wednesday. The stock’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $2.57. LexinFintech Holdings Ltd. has a 52-week low of $1.56 and a 52-week high of $6.28. The stock has a market capitalization of $999.55 million, a P/E ratio of 9.65 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.

Analyst Ratings Changes

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

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.