LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report)'s share price was down 4.6% on Wednesday . The company traded as low as $7.17 and last traded at $7.21. Approximately 452,412 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,202,217 shares. The stock had previously closed at $7.55.
Analyst Ratings Changes
Several equities analysts recently commented on LX shares. Wall Street Zen downgraded shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. UBS Group set a $13.60 price target on shares of LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
Check Out Our Latest Stock Analysis on LexinFintech
LexinFintech Price Performance
The company has a market capitalization of $1.18 billion, a P/E ratio of 6.64 and a beta of 0.41. The firm's fifty day moving average is $7.61 and its 200 day moving average is $7.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.85 and a current ratio of 1.85.
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 company had revenue of $427.76 million for the quarter. LexinFintech had a net margin of 9.44% and a return on equity of 12.52%.
Institutional Investors Weigh In On LexinFintech
Several large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its position 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 worth $47,092,000 after purchasing an additional 663,330 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of LexinFintech in the 1st quarter worth approximately $278,000. Caxton Associates LLP purchased a new stake in shares of LexinFintech in the 1st quarter worth approximately $518,000. Goldman Sachs Group Inc. lifted its position in shares of LexinFintech by 201.9% in 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. lifted its position in shares of LexinFintech by 1,862.9% in 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.
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