According to Zacks, “LexinFintech Holdings Ltd. is an online consumer credit platform for educated young adults, primarily in China. The company provides technologies such as big data, cloud computing and artificial intelligence. LexinFintech Holdings Ltd. is based in China.
Separately, the UBS Group downgraded LexinFintech from a “buy” rating to a “neutral” rating and set a price target of $ 4.30 on the share. in a report on Monday, December 20. Three equity research analysts rated the stock with a conservation rating and three gave the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $ 10.16.
LX stock opened at $ 3.67 on Wednesday. The company has a debt to equity ratio of 0.34, a quick ratio of 1.62, and a current ratio of 1.63. The stock has a market cap of $ 668.09 million, a P / E ratio of 1.88 and a beta of 0.84. The company has a 50-day simple moving average of $ 4.40 and a 200-day simple moving average of $ 6.35. LexinFintech has a 52 week low of $ 3.35 and a 52 week high of $ 15.42.
LexinFintech (NASDAQ: LX) last reported its results on Wednesday, November 10. The company reported EPS of $ 0.44 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.30 of $ 0.14. LexinFintech recorded a return on equity of 38.73% and a net margin of 21.19%. The company reported sales of $ 460.75 million for the quarter. Sell-side analysts predict that LexinFintech will post EPS of 2.1 for the current year.
Several institutional investors and hedge funds have recently increased or reduced their holdings in LX. Vanguard Group Inc. increased its stake in LexinFintech by 7.2% in the 2nd 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. Marshall Wace LLP increased its position in LexinFintech by 68.8% in the second quarter. Marshall Wace LLP now owns 655,275 shares of the company valued at $ 8,027,000 after purchasing an additional 267,188 shares during the period. Shell Asset Management Co. increased its position in LexinFintech by 196.6% in the second quarter. Shell Asset Management Co. now owns 63,186 shares of the company valued at $ 774,000 after purchasing an additional 41,881 shares during the period. Principal Financial Group Inc. increased its position in LexinFintech by 1150.7% in the second quarter. Principal Financial Group Inc. now owns 173,878 shares of the company valued at $ 2,130,000 after purchasing an additional 159,976 shares during the period. Finally, BlackRock Inc. increased its position in LexinFintech by 4.3% in the second quarter. BlackRock Inc. now owns 2,145,686 shares of the company valued at $ 26,285,000 after purchasing an additional 88,961 shares during the period. 25.69% of the shares are currently held by hedge funds and other institutional investors.
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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