The shares of LexinFintech Holdings Ltd. (NASDAQ:LX – Get Rating) have received a consensus rating of “Hold” from the six rating agencies currently covering the stock, reports Marketbeat Ratings. One equity analyst has rated the stock with a sell rating, two with a hold rating and three with a buy rating on the company. The average 1-year target price among brokers who have rated the stock over 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 added to or reduced their holdings in LX. Norges Bank acquired a new stake in LexinFintech valued at $3,542,000 in the fourth quarter. BlackRock Inc. increased its stake in LexinFintech by 7.2% during the fourth quarter. BlackRock Inc. now owns 2,452,044 shares of the company’s stock valued at $9,465,000 after purchasing an additional 164,668 shares last quarter. Channing Global Advisors LLC acquired a new interest in LexinFintech stock valued at approximately $85,000 during the fourth quarter. Virtu Financial LLC acquired a new interest in LexinFintech stock valued at approximately $223,000 during the fourth quarter. Finally, Toroso Investments LLC acquired a new interest in shares of LexinFintech valued at approximately $61,000 during Q4. Institutional investors and hedge funds own 24.01% of the company’s shares.
Shares of LX stock rose $0.01 on Tuesday afternoon to hit $2.54. The stock had a trading volume of 38,107 shares compared to 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 cap of $462.39 million, a P/E 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 company has a gearing 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 earnings results on Tuesday, March 15th. The company reported $1.52 per share for the quarter, missing Thomson Reuters consensus estimate of $1.85 ($0.33). LexinFintech had a return on equity of 32.63% and a net margin of 20.47%. In the same period last year, the company generated earnings per share of $0.39. Analysts expect LexinFintech to post 1.65 EPS for the year to date.
LexinFintech company profile (get rating)
LexinFintech Holdings Ltd. operates through its subsidiaries as an online consumption and consumer finance platform for young professionals in the People’s Republic of China. The Company operates Fenqile.com, a consumer and consumer finance platform that offers installment loans, personal installment loans and other loan products, as well as online direct sales with installment terms; and Le Card, a membership platform offering savings, benefits and membership privileges in the food and beverage, apparel, hospitality and leisure sectors.
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