LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report)'s stock price traded up 11.8% during trading on Wednesday . The stock traded as high as $7.70 and last traded at $7.89. 1,851,331 shares were traded during mid-day trading, a decline of 45% from the average session volume of 3,354,804 shares. The stock had previously closed at $7.05.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th.
Get Our Latest Stock Report on LX
LexinFintech Stock Performance
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 company's 50 day moving average is $7.29 and its 200-day moving average is $7.94. The company has a market capitalization of $1.17 billion, a P/E ratio of 6.57 and a beta of 0.41.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. The company 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%.
LexinFintech declared that its Board of Directors has initiated a stock buyback program on Monday, July 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.
Institutional Trading of LexinFintech
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in LexinFintech during the 2nd quarter valued at about $75,000. Ballentine Partners LLC bought a new stake in LexinFintech during the 2nd quarter valued at about $86,000. Acadian Asset Management LLC increased its stake in LexinFintech by 16.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,669,331 shares of the company's stock valued at $47,092,000 after purchasing an additional 663,330 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of LexinFintech in the first quarter worth approximately $278,000. Finally, Caxton Associates LLP bought a new stake in shares of LexinFintech in the first quarter worth approximately $518,000.
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.
Recommended Stories
Before you consider LexinFintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.
While LexinFintech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access