Shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) 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
LX has been the subject of several recent research reports. UBS Group set a $13.60 price target on LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered LexinFintech from a "strong-buy" rating to a "buy" rating in a research note on Friday.
Read Our Latest Research Report on LexinFintech
LexinFintech Stock Down 1.1%
The company has a market cap of $1.21 billion, a PE ratio of 6.80 and a beta of 0.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day simple moving average of $7.76 and a 200 day simple moving average of $7.81.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.44% and a return on equity of 12.52%.
Institutional Investors Weigh In On LexinFintech
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BRIGHT VALLEY CAPITAL Ltd increased its holdings in LexinFintech by 33.0% during the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company's stock worth $53,530,000 after purchasing an additional 1,315,208 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of LexinFintech by 16.6% during the first quarter. Acadian Asset Management LLC now owns 4,669,331 shares of the company's stock worth $47,092,000 after buying an additional 663,330 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of LexinFintech in the first quarter worth $44,048,000. Alliancebernstein L.P. raised its holdings in LexinFintech by 1,862.9% in the first quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock valued at $37,488,000 after acquiring an additional 3,526,039 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in LexinFintech by 237.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after acquiring an additional 2,606,969 shares in the last quarter.
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.
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