Shares of LexinFintech Holdings Ltd. (NASDAQ:LX – Get a rating) received a consensus recommendation of “Hold” by the six rating agencies that currently cover the stock, Market Beat Ratings reports. One equity research analyst rated the stock with a sell recommendation, two issued a hold recommendation and three gave the company a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the past year is $10.44.
Separately, Zacks Investment Research downgraded LexinFintech from a “held” rating to a “strong sell” rating in a Tuesday, April 12 research rating.
Several institutional investors and hedge funds have recently increased or reduced their stakes in LX. Norges Bank acquired a new stake in LexinFintech in the fourth quarter worth $3,542,000. BlackRock Inc. increased its stake in LexinFintech shares by 7.2% during the 4th quarter. BlackRock Inc. now owns 2,452,044 shares of the company worth $9,465,000 after acquiring an additional 164,668 shares in the last quarter. Channing Global Advisors LLC purchased a new equity stake in LexinFintech during Q4 for approximately $85,000. Virtu Financial LLC purchased a new stake in shares of LexinFintech during Q4 for a value of approximately $223,000. Finally, Toroso Investments LLC purchased a new equity stake in LexinFintech during Q4 for a value of approximately $61,000. Institutional investors and hedge funds hold 24.01% of the company’s shares.
Shares of LX Stock traded down $0.01 during midday trading on Tuesday, hitting $2.54. The stock recorded a trading volume of 38,107 shares, against an average volume of 2,103,495. LexinFintech has a 12-month low of $1.90 and a 12-month high of $13.62. The company has a market capitalization of $462.39 million, a P/E ratio of 1.43 and a beta of 0.78. The company’s 50-day moving average is $2.94 and its two-hundred-day moving average is $3.89. The company has a debt ratio of 0.32, a current ratio of 1.63 and a quick ratio of 1.63.
Lexin Fintech (NASDAQ:LX – Get a rating) last released its quarterly results on Tuesday, March 15. The company reported EPS of $1.52 for the quarter, missing Thomson Reuters consensus estimate of $1.85 per ($0.33). LexinFintech had a return on equity of 32.63% and a net margin of 20.47%. In the same period a year earlier, the company had earned earnings per share of $0.39. Analysts expect LexinFintech to post EPS of 1.65 for the current year.
LexinFintech Company Profile (Get a rating)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer and consumer finance platform for young professionals in the People’s Republic of China. The Company operates Fenqile.com, a consumer finance and consumer finance platform that offers installment loans, personal installment loans and other loan products, as well as online direct sales with installment payment terms. ; and Le Card, a membership platform, which offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure industries.
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