LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $7.13. LexinFintech shares last traded at $7.12, with a volume of 436,579 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have issued reports on LX. Wall Street Zen downgraded LexinFintech from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. 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.
Read Our Latest Research Report on LX
LexinFintech Trading Up 4.4%
The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 6.88 and a beta of 0.41. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.80.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. The firm had revenue of $427.76 million during the quarter. LexinFintech had a return on equity of 12.52% and a net margin of 9.44%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in LX. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech during the 4th quarter valued at about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech during the fourth quarter valued at approximately $70,000. Tower Research Capital LLC TRC lifted its stake in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after acquiring an additional 7,227 shares during the last quarter. Aigen Investment Management LP bought a new stake in LexinFintech in the first quarter worth approximately $103,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of LexinFintech during the 1st quarter worth $107,000.
LexinFintech Company Profile
(
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.
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