Wall Street Zen cut shares of LexinFintech (NASDAQ:LX - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.
Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
Read Our Latest Analysis on LexinFintech
LexinFintech Price Performance
NASDAQ LX traded down $0.08 on Friday, hitting $7.21. 2,556,657 shares of the company's stock were exchanged, compared to its average volume of 3,159,076. The stock has a 50-day moving average of $7.76 and a 200-day moving average of $7.81. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.12. LexinFintech has a 52 week low of $1.57 and a 52 week high of $11.64. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 6.80 and a beta of 0.43.
LexinFintech (NASDAQ:LX - Get Free Report) last announced 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 company had revenue of $427.76 million during the quarter.
Institutional Trading of LexinFintech
A number of large investors have recently bought and sold shares of the business. BRIGHT VALLEY CAPITAL Ltd boosted its position in shares of 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 in the last quarter. Acadian Asset Management LLC lifted its position in 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 acquiring an additional 663,330 shares in the last quarter. Vanguard Group Inc. bought a new position in shares of LexinFintech during the 1st quarter worth approximately $44,048,000. Alliancebernstein L.P. lifted its position in shares of 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 buying an additional 3,526,039 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after buying an additional 2,606,969 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.
Further Reading
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