D Orazio & Associates Inc. Invests in LexinFintech Holdings Ltd. (NASDAQ:LX)

D Orazio & Associates Inc. has recently made headlines for acquiring a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter of the year. According to their latest filing with the Securities and Exchange Commission, the firm purchased a total of 32,801 shares in the company, which were valued at roughly $190,000. This move highlights D Orazio & Associates Inc.'s growing interest in the financial technology sector, particularly in companies like LexinFintech.

In addition to D Orazio's investment, several other institutional investors and hedge funds have also adjusted their positions in LexinFintech. Notably, Thurston Springer Miller Herd & Titak Inc. established a new investment in the company worth around $29,000 during the fourth quarter. Similar investments were made by Wolverine Trading LLC in the third quarter, also valued at about $29,000. Furthermore, Kathmere Capital Management LLC purchased shares in the fourth quarter worth approximately $79,000. In the third quarter, Centiva Capital LP acquired a stake valued at about $41,000. GSA Capital Partners LLP has also upped its stake by 3.9% in the third quarter, now owning 435,219 shares with a total value of $1,184,000 after an additional 16,312 shares were acquired last quarter.

Wall Street Analysts Forecast Growth

In independent analysis, Citigroup has recently upgraded the rating of LexinFintech from "neutral" to "buy" in a report published on November 26th. This indicates growing confidence among analysts in the company's future potential.

LexinFintech Stock Performance

The stock of LexinFintech opened at $8.23 on Friday, reflecting the current market interest in the company. With a market capitalization of $1.35 billion, LexinFintech holds a price-to-earnings ratio of 13.06 and a beta value of 0.66, suggesting lower volatility compared to the overall market. The stock has seen a twelve-month low of $1.56, with a notable high of $8.50. Additionally, the 50-day moving average price stands at $6.40, while the 200-day moving average is at $3.88. The financial health indicators show a quick ratio of 1.66, a current ratio of 1.66, and a debt-to-equity ratio of 0.10, suggesting a sound financial position.

LexinFintech recently reported its quarterly earnings results on November 25th, revealing an earnings per share (EPS) of $0.26. The company experienced a net margin of 5.34% and a return on equity of 7.47%, pointing to effective management and profitability.

LexinFintech Company Profile

LexinFintech Holdings Ltd. is an innovative company that specializes in providing online consumer finance services primarily in the People's Republic of China. The company operates platforms such as Fenqile.com, which offers various consumer financing products, including installment loans and online direct sales with flexible payment terms. LexinFintech also provides scenario-based lending through its Le Hua Card.

investment, stock, finance