LexinFintech Holdings Ltd. (NASDAQ:LX) has received an average recommendation of “buy” from the six analysts currently covering the company, reports Marketbeat. Three equities research analysts have assigned a hold rating to the stock and three have assigned a buy rating to the company. The average 12-month target price set by analysts covering the stock over the last year is $10.44.
LX has been the subject of a number of research reports. Zacks Investment Research upgraded LexinFintech from a “strong sell” rating to a “hold” rating in a research note on Wednesday. UBS Group has downgraded LexinFintech from a “buy” rating to a “neutral” rating and set a price target of $4.30 for the company. in a research paper on Monday, December 20.
A number of hedge funds have recently bought and sold shares in the company. Vanguard Group Inc. increased its position in LexinFintech by 7.2% during the second quarter. Vanguard Group Inc. now owns 3,925,985 shares of the company’s stock valued at $48,094,000 after purchasing an additional 264,429 shares during the period. FMR LLC increased its position in LexinFintech shares by 0.6% in the first quarter. FMR LLC now owns 3,805,887 shares of the Company’s shares valued at $39,961,000 after purchasing an additional 23,831 shares during the period. FIL Ltd increased its position in LexinFintech shares by 2.9% in the third quarter. FIL Ltd now owns 3,067,707 shares of the company, valued at $18,069,000, having purchased an additional 85,264 shares during the period. BlackRock Inc. increased its position in LexinFintech shares by 6.6% in the third quarter. BlackRock Inc. now owns 2,287,376 shares of the Company’s stock valued at $13,473,000 after purchasing an additional 141,690 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of LexinFintech by 8.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,710,709 shares of the Company’s shares valued at $10,067,000 after purchasing an additional 132,521 shares during the period. Hedge funds and other institutional investors own 24.22% of the company’s shares.
LexinFintech shares fell $0.13 during trading hours on Friday to hit $3.49. 1,626,406 shares of the company were traded compared to an average volume of 1,808,672. LexinFintech has a 1-year low of $3.35 and a 1-year high of $15.42. The company has a quick ratio of 1.62, a current ratio of 1.63 and a debt to equity ratio of 0.34. The company’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $6.20. The company has a market cap of $635.32 million, a P/E of 1.79 and a beta of 0.84.
LexinFintech (NASDAQ:LX) last announced its quarterly results on Wednesday, November 10th. The company reported earnings per share of $0.44 for the quarter, beating analyst consensus estimates of $0.30 by $0.14. The company had revenue of $460.75 million for the quarter. LexinFintech had a return on equity of 38.73% and a net margin of 21.19%. On average, equities analysts are forecasting that LexinFintech will post earnings per share of 2.1 for the current year.
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. Through its subsidiaries, it offers online direct sales with installment terms; installment loan; and personal installment loans. Its services are offered through its online consumer finance platform www.fenqile.com; and mobile application.
Featured Item: Neutral Rating
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