D Orazio & Associates Inc. Makes New Investment in LexinFintech Holdings Ltd.

D Orazio & Associates Inc. has recently made a new investment in LexinFintech Holdings Ltd. (NASDAQ:LX). This acquisition occurred during the fourth quarter, as indicated in the firm’s most recent filing with the Securities and Exchange Commission. D Orazio & Associates purchased a total of 32,801 shares of LexinFintech’s stock, with an estimated value of approximately $190,000.

Other institutional investors and hedge funds have also adjusted their stakes in LexinFintech. For instance, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in the company during the fourth quarter, valued at $29,000. Similarly, Wolverine Trading LLC initiated a new position in the third quarter, also worth about $29,000. Additionally, Kathmere Capital Management LLC purchased shares in the fourth quarter, valued at around $79,000. Centiva Capital LP acquired shares in the third quarter amounting to approximately $41,000. Lastly, GSA Capital Partners LLP increased its holdings by 3.9% during the third quarter, now owning 435,219 shares valued at about $1,184,000 after adding 16,312 shares over the last quarter.

Wall Street Analysts Forecast Growth

In further developments, Citigroup upgraded its rating for LexinFintech shares from "neutral" to "buy" in a report released on November 26.

LexinFintech Stock Performance

As of Friday, LexinFintech stock opened at $8.23. The company boasts a market capitalization of $1.35 billion, a price-to-earnings (PE) ratio of 13.06, and a beta of 0.66. Over the past year, LexinFintech has seen its shares range from a low of $1.56 to a high of $8.50. The 50-day moving average price stands at $6.40, while the 200-day moving average price is $3.88. LexinFintech’s financial ratios reveal a quick ratio and current ratio of 1.66, and a debt-to-equity ratio of 0.10. Furthermore, the company released its quarterly earnings results on November 25, reporting earnings per share (EPS) of $0.26, a net margin of 5.34%, and a return on equity of 7.47%.

LexinFintech Company Profile

LexinFintech Holdings Ltd. provides online consumer finance services within the People's Republic of China through its subsidiaries. It operates Fenqile.com, a platform for online consumption and consumer finance which offers installment purchasing and personal loans, as well as online direct sales with installment payment options. The company also offers Le Hua Card, a lending product tailored for various scenarios.

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