The shares of LexinFintech Holdings Ltd. (NASDAQ: LX) have achieved a consensus rating of “Hold” from the six rating companies that cover the company, Marketbeat reports. One analyst rated the stock with a sell rating, another issued a conservation rating, and three assigned a buy rating to the company. The twelve-month average price target among brokers who hedged the stock in the past year is $ 11.97.
LX has been the subject of several research reports. Citigroup lowered its target price on LexinFintech shares from $ 18.55 to $ 9.89 and set a “buy” rating for the company in a research note on Thursday, August 26. Zacks investment research Reduces LexinFintech’s stock from a “hold” rating to a “sell” rating in a Tuesday, September 14th research note. Morgan Stanley Upgraded LexinFintech Shares From ‘Equal Weight’ To ‘Overweight’ Rating And Raised Its Share Price Target From $ 15.30 To $ 18.00 In Research Note Monday June 14. Finally, DBS Vickers downgraded LexinFintech stock from a “buy” rating to a “keep” rating and set a price target of $ 7.20 for the company. in a research note on Thursday August 26.
LX stock opened at $ 5.89 on Friday. The company has a debt ratio of 0.35, a current ratio of 1.54, and a rapid ratio of 1.53. LexinFintech has a 52 week minimum of $ 5.35 and a 52 week maximum of $ 15.42. The company has a 50-day moving average of $ 6.68 and a two-hundred-day moving average of $ 8.90. The stock has a market cap of $ 1.07 billion, a price / earnings ratio of 3.28, a price / earnings-growth ratio of 0.42, and a beta of 0.90.
LexinFintech (NASDAQ: LX) last released its quarterly results on Tuesday, August 24. The company reported earnings per share (EPS) of $ 4.08 for the quarter, beating the Zacks’ consensus estimate of $ 2.73 by $ 1.35. LexinFintech had a net margin of 19.06% and a return on equity of 39.51%. The company reported sales of $ 506.28 million in the quarter. Stock analysts expect LexinFintech to post EPS of 2.04 for the current fiscal year.
Several institutional investors recently changed their holdings to LX. Management of Oceanlink LTD. strengthened its position in LexinFintech shares by 51.6% in the first quarter. Management of Oceanlink LTD. now owns 15,513,116 shares of the company valued at $ 156,062,000 after purchasing an additional 5,277,634 shares in the last quarter. Cederberg Capital Ltd purchased a new position in LexinFintech shares during the first quarter valued at $ 79,276,000. Vanguard Group Inc. strengthened its position in LexinFintech shares by 7.2% in the second quarter. Vanguard Group Inc. now owns 3,925,985 shares of the company valued at $ 48,094,000 after purchasing an additional 264,429 shares in the last quarter. FMR LLC increased its position in LexinFintech by 0.6% in the 1st quarter. FMR LLC now owns 3,805,887 shares of the company valued at $ 39,961,000 after acquiring an additional 23,831 shares in the last quarter. Finally, FIL Ltd strengthened its position in LexinFintech by 77.8% in the 1st quarter. FIL Ltd now owns 3,090,540 shares of the company valued at $ 31,090,000 after acquiring an additional 1,352,353 shares in the last quarter. 25.74% of the shares are held by institutional investors and hedge funds.
Lexinfintech Holdings Ltd. engages in the provision of online consumer credit platforms. Through its subsidiaries, it offers direct online sales with installment payment methods; installment purchase loans; and personal installment loans. Its services are offered through its online consumer credit platform, www.fenqile.com; and mobile applications.
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