LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) shares traded down 4.1% during trading on Friday . The stock traded as low as $6.24 and last traded at $6.23. 1,266,795 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,291,095 shares. The stock had previously closed at $6.50.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th.
View Our Latest Analysis on LexinFintech
LexinFintech Stock Performance
The company has a market capitalization of $1.07 billion, a PE ratio of 6.00 and a beta of 0.41. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.12. The firm's 50-day simple moving average is $7.52 and its 200-day simple moving average is $7.88.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a net margin of 9.44% and a return on equity of 12.52%. The company had revenue of $427.76 million during the quarter.
Hedge Funds Weigh In On LexinFintech
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LX. Vanguard Group Inc. acquired a new stake in LexinFintech during the first quarter worth about $44,048,000. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of LexinFintech in the 4th quarter valued at approximately $23,142,000. Alliancebernstein L.P. increased its holdings in shares of LexinFintech by 1,862.9% during the 1st quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock worth $37,488,000 after buying an additional 3,526,039 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after buying an additional 2,606,969 shares during the period. Finally, WT Asset Management Ltd acquired a new stake in LexinFintech during the first quarter worth $20,483,000.
About LexinFintech
(
Get Free Report)
LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
Further Reading
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