LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) shares traded down 4.6% on Wednesday . The stock traded as low as $7.17 and last traded at $7.21. 452,412 shares traded hands during trading, a decline of 86% from the average session volume of 3,202,217 shares. The stock had previously closed at $7.55.
Analyst Upgrades and Downgrades
LX has been the subject of several recent analyst reports. Wall Street Zen cut shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. UBS Group set a $13.60 price objective on LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
Check Out Our Latest Report on LexinFintech
LexinFintech Trading Up 1.0%
The business has a 50 day simple moving average of $7.66 and a 200-day simple moving average of $7.85. 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 stock has a market capitalization of $1.18 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 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%.
Hedge Funds Weigh In On LexinFintech
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in shares of LexinFintech during the 1st quarter worth $103,000. Ameriprise Financial Inc. bought a new stake in shares of LexinFintech during the 4th quarter worth $61,000. CreativeOne Wealth LLC bought a new stake in shares of LexinFintech during the 1st quarter worth $107,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of LexinFintech during the 4th quarter worth $70,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after acquiring an additional 7,227 shares in the last quarter.
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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