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NASDAQ:LX

LexinFintech Stock Forecast, Price & News

$7.42
+0.36 (+5.10 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$7.10
Now: $7.42
$7.58
50-Day Range
$6.68
MA: $7.56
$8.59
52-Week Range
$6.04
Now: $7.42
$16.93
Volume1.65 million shs
Average Volume1.79 million shs
Market Capitalization$1.30 billion
P/E Ratio10.75
Dividend YieldN/A
Beta1.17
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young professionals in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms; and Le Card, a membership platform, which offers savings, benefits, and membership privileges to food and beverage, apparel, hospitality, and leisure sectors. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, third-party commercial banks, consumer finance companies, institutional funding partners in its direct lending programs, investors of its asset-backed securities, and other licensed financial institutions. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was founded in 2013 and is headquartered in Shenzhen, the People's Republic of China.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.02 out of 5 stars


Industry, Sector and Symbol

Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIKN/A
Phone86-755-3637-8888
Employees3,227

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.52 billion
Cash Flow$2.04 per share
Book Value$5.40 per share

Profitability

Net Income$329.59 million

Miscellaneous

Market Cap$1.30 billion
Next Earnings Date3/23/2021 (Estimated)
OptionableOptionable
$7.42
+0.36 (+5.10 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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LexinFintech (NASDAQ:LX) Frequently Asked Questions

How has LexinFintech's stock price been impacted by COVID-19 (Coronavirus)?

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LX shares have decreased by 23.5% and is now trading at $7.42.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of LexinFintech?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for LexinFintech
.

What stocks does MarketBeat like better than LexinFintech?

Wall Street analysts have given LexinFintech a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but LexinFintech wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is LexinFintech's next earnings date?

LexinFintech is scheduled to release its next quarterly earnings announcement on Tuesday, March 23rd 2021.
View our earnings forecast for LexinFintech
.

How were LexinFintech's earnings last quarter?

LexinFintech Holdings Ltd. (NASDAQ:LX) posted its quarterly earnings data on Monday, November, 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.79 by $0.36. LexinFintech had a net margin of 8.34% and a return on equity of 18.53%.
View LexinFintech's earnings history
.

What price target have analysts set for LX?

6 analysts have issued 12 month price objectives for LexinFintech's stock. Their forecasts range from $11.50 to $16.58. On average, they anticipate LexinFintech's stock price to reach $13.20 in the next year. This suggests a possible upside of 77.8% from the stock's current price.
View analysts' price targets for LexinFintech
.

Are investors shorting LexinFintech?

LexinFintech saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 4,000,000 shares, a drop of 44.9% from the October 15th total of 7,260,000 shares. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is currently 2.3 days.
View LexinFintech's Short Interest
.

Who are some of LexinFintech's key competitors?

What other stocks do shareholders of LexinFintech own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LexinFintech investors own include Marvell Technology Group (MRVL), NVIDIA (NVDA), Square (SQ), Alibaba Group (BABA), JD.com (JD), NeoGenomics (NEO), Inseego (INSG), Baidu (BIDU), Cisco Systems (CSCO) and Canopy Growth (CGC).

Who are LexinFintech's key executives?

LexinFintech's management team includes the following people:
  • Mr. Wenjie Xiao, Chairman & CEO (Age 37)
  • Mr. Yi Wu, Pres & Director (Age 41)
  • Mr. Yan Zeng, CFO & Director (Age 52)
  • Mr. Ming Zhao, Chief Marketing Officer (Age 45)
  • Ms. Yunwen Yang, Chief HR Officer (Age 49)
  • Mr. Qian Qiao, Chief Financing Cooperation Officer (Age 42)
  • Mr. Huanian Liu, Chief Risk Officer (Age 42)
  • Mr. Tony Hung, Investor Contact

When did LexinFintech IPO?

(LX) raised $120 million in an initial public offering (IPO) on Thursday, December 21st 2017. The company issued 12,000,000 shares at a price of $9.00-$11.00 per share. Goldman Sachs (Asia), BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance served as the underwriters for the IPO and ICBC International was co-manager.

What is LexinFintech's stock symbol?

LexinFintech trades on the NASDAQ under the ticker symbol "LX."

Who are LexinFintech's major shareholders?

LexinFintech's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.12%), JPMorgan Chase & Co. (0.62%), SG Americas Securities LLC (0.22%), California Public Employees Retirement System (0.15%), Ovata Capital Management Ltd (0.11%) and Dupont Capital Management Corp (0.11%).

Which institutional investors are selling LexinFintech stock?

LX stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Dupont Capital Management Corp, Raymond James & Associates, Natixis, State Street Corp, First Trust Advisors LP, and Cubist Systematic Strategies LLC.

Which institutional investors are buying LexinFintech stock?

LX stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, SG Americas Securities LLC, Ovata Capital Management Ltd, BlackRock Inc., Trexquant Investment LP, Schonfeld Strategic Advisors LLC, and Schonfeld Strategic Advisors LLC.

How do I buy shares of LexinFintech?

Shares of LX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is LexinFintech's stock price today?

One share of LX stock can currently be purchased for approximately $7.42.

How big of a company is LexinFintech?

LexinFintech has a market capitalization of $1.30 billion and generates $1.52 billion in revenue each year. The company earns $329.59 million in net income (profit) each year or $1.76 on an earnings per share basis. LexinFintech employs 3,227 workers across the globe.

What is LexinFintech's official website?

The official website for LexinFintech is www.lexin.com.

How can I contact LexinFintech?

LexinFintech's mailing address is 27/F CES TOWER 3099 KE YUAN SOUTH ROAD NANSHAN DISTRICT, SHENZHEN F4, 518057. The company can be reached via phone at 86-755-3637-8888 or via email at [email protected]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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