Shares of LexinFintech Holdings Ltd. (NASDAQ:LX – Get Rating) received a consensus recommendation of “Hold” by the six ratings firms that currently cover the stock, Marketbeat 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 “hold” rating to a “strong sell” rating in a Tuesday, April 12 research note.
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 rose $0.01 in 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.
LexinFintech (NASDAQ:LX – Get 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 an evaluation)
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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