LexinFintech Holdings Ltd – (NASDAQ:LX) dropped 5.3% on Monday . The company traded as low as $13.04 and last traded at $13.26. Approximately 830,248 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 725,220 shares. The stock had previously closed at $14.00.
A number of research firms recently commented on LX. Zacks Investment Research raised shares of LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, February 2nd. ValuEngine raised shares of LexinFintech from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. LexinFintech currently has an average rating of “Buy” and an average target price of $14.50.
The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.32 and a current ratio of 1.33. The stock has a market cap of $2.28 billion, a P/E ratio of 8.63 and a beta of 2.15.
LexinFintech (NASDAQ:LX) last posted its earnings results on Thursday, March 14th. The company reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $3.79. LexinFintech had a net margin of 22.39% and a return on equity of 58.62%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.11 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts predict that LexinFintech Holdings Ltd – will post 1.64 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. New Silk Road Investment PTE Ltd. purchased a new position in LexinFintech during the 1st quarter worth $2,898,000. Segantii Capital Management Ltd purchased a new position in LexinFintech during the 1st quarter worth $144,000. Geode Capital Management LLC purchased a new position in LexinFintech during the 4th quarter worth $292,000. FMR LLC grew its position in LexinFintech by 254.8% during the 4th quarter. FMR LLC now owns 3,782,056 shares of the company’s stock worth $27,420,000 after purchasing an additional 2,715,988 shares during the last quarter. Finally, Barclays PLC grew its position in LexinFintech by 106.7% during the 4th quarter. Barclays PLC now owns 18,200 shares of the company’s stock worth $132,000 after purchasing an additional 9,393 shares during the last quarter. 8.78% of the stock is currently owned by institutional investors.
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LexinFintech Company Profile (NASDAQ:LX)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.
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