LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report)'s stock price fell 4.6% during mid-day trading on Wednesday . The company traded as low as $7.17 and last traded at $7.21. 452,412 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,202,217 shares. The stock had previously closed at $7.55.
Wall Street Analysts Forecast Growth
LX has been the subject of a number of recent analyst reports. UBS Group set a $13.60 price objective on LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st. Wall Street Zen cut LexinFintech from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th.
Read Our Latest Report on LX
LexinFintech Price Performance
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 firm has a market capitalization of $1.18 billion, a PE ratio of 6.64 and a beta of 0.41. The stock has a 50-day moving average price of $7.61 and a 200 day moving average price of $7.88.
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. LexinFintech had a return on equity of 12.52% and a net margin of 9.44%. The firm had revenue of $427.76 million during the quarter.
Hedge Funds Weigh In On LexinFintech
Several large investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its stake in shares of LexinFintech by 16.6% in 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 during the last quarter. Bayforest Capital Ltd purchased a new stake in LexinFintech during the 1st quarter worth about $278,000. Caxton Associates LLP purchased a new stake in LexinFintech during the 1st quarter worth about $518,000. Goldman Sachs Group Inc. increased its holdings in LexinFintech by 201.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,482,060 shares of the company's stock worth $14,954,000 after purchasing an additional 991,075 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in 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 purchasing an additional 3,526,039 shares during the period.
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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