LexinFintech Holdings Ltd. Shares (NASDAQ:LX – get rating) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One stock 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 brokerage firms that have issued stock ratings in the past year is $10.44.
Separately, Zacks Investment Research downgraded LexinFintech from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 12.
Several institutional investors and hedge funds have recently increased or decreased their holdings in LX. Norges Bank acquired a new stake in LexinFintech in the fourth quarter valued at $3,542,000. BlackRock Inc. increased its stake in LexinFintech stock by 7.2% during the fourth quarter. BlackRock Inc. now owns 2,452,044 shares of the company worth $9,465,000 after acquiring an additional 164,668 shares last quarter. Channing Global Advisors LLC purchased a new share of LexinFintech stock during the fourth quarter for approximately $85,000. Virtu Financial LLC purchased a new share of LexinFintech stock during the fourth quarter worth approximately $223,000. Finally, Toroso Investments LLC purchased a new share of LexinFintech stock during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 24.01% of the company’s shares.
Actions of LX Stocks it rose $0.01 during midday trading on Tuesday, reaching $2.54. The stock had a trading volume of 38,107 shares, compared to its average volume of 2,103,495. LexinFintech has a 12-month minimum of $1.90 and a 12-month maximum of $13.62. The company has a market cap 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 200-day moving average is $3.89. The firm has a debt-to-equity ratio of 0.32, a current ratio of 1.63, and a quick ratio of 1.63.
LexinFintech (NASDAQ:LX – get rating) last published its quarterly earnings results on Tuesday, March 15. The company reported $1.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.85 per ($0.33). LexinFintech had a return on capital of 32.63% and a net margin of 20.47%. During the same period of the previous year, the company made $0.39 of earnings per share. Analysts expect LexinFintech to post 1.65 EPS for the current year.
LexinFintech Company Profile (get 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 platform that offers installment purchase loans, personal installment loans and other loan products, as well as direct online sales with installment payments; and Le Card, a membership platform that offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure sectors.
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