LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, institutional funding partners in its direct lending programs, and investors of its asset-backed securities. 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.
Industry, Sector and Symbol
Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CIKN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.10 billion
Profitability
Miscellaneous
Employees2,518
Next Earnings Date5/20/2019 (Estimated)
OptionableOptionable
LexinFintech (NASDAQ:LX) Frequently Asked Questions
What is LexinFintech's stock symbol?
LexinFintech trades on the NASDAQ under the ticker symbol "LX."
How were LexinFintech's earnings last quarter?
LexinFintech Holdings Ltd - (NASDAQ:LX) issued its quarterly earnings data on Thursday, March, 14th. The company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $3.79. The business earned $2.09 billion during the quarter, compared to analyst estimates of $2.11 billion. LexinFintech had a net margin of 22.39% and a return on equity of 58.62%. The company's revenue for the quarter was up 31.4% on a year-over-year basis. View LexinFintech's Earnings History.
When is LexinFintech's next earnings date?
What price target have analysts set for LX?
2 Wall Street analysts have issued 1 year price targets for LexinFintech's stock. Their predictions range from $18.00 to $18.00. On average, they expect LexinFintech's stock price to reach $18.00 in the next year. This suggests a possible upside of 65.3% from the stock's current price. View Analyst Price Targets for LexinFintech.
What is the consensus analysts' recommendation for LexinFintech?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LexinFintech.
Has LexinFintech been receiving favorable news coverage?
Media headlines about LX stock have been trending somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. LexinFintech earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an impact on the stock's share price in the next few days.
Who are some of LexinFintech's key competitors?
Some companies that are related to LexinFintech include SBI (SBHGF), Green Dot (GDOT), 360 Finance (QFIN), Qudian (QD), Walker & Dunlop (WD), Blucora (BCOR), Mr. Cooper Group (COOP), X Financial (XYF), Weidai (WEI), Yirendai (YRD), Wins Finance (WINS), Curo Group (CURO), On Deck Capital (ONDK), America First Multifamily Investors (ATAX) and CNFinance (CNF).
What other stocks do shareholders of LexinFintech own?
Who are LexinFintech's key executives?
LexinFintech's management team includes the folowing people:
- Mr. Jay Wenjie Xiao, Chairman & CEO (Age 36)
- Mr. Jared Yi Wu, Pres & Director (Age 40)
- Mr. Craig Yan Zeng, CFO & Director (Age 51)
- Ms. Shirley Yang, Chief HR Officer
- Mr. Kris Qian Qiao, Chief Financing Cooperation Officer (Age 41)
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 acted as the underwriters for the IPO and ICBC International was co-manager.
Who are LexinFintech's major shareholders?
LexinFintech's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (2.31%), Discovery Value Fund (0.71%), Penserra Capital Management LLC (0.12%), Bank of America Corp DE (0.07%), Northern Trust Corp (0.04%) and Raymond James & Associates (0.03%).
Which institutional investors are selling LexinFintech stock?
LX stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE.
Which institutional investors are buying LexinFintech stock?
LX stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Discovery Value Fund, Northern Trust Corp, Geode Capital Management LLC, Geode Capital Management LLC, Penserra Capital Management LLC, Barclays PLC and Raymond James & Associates.
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, Scottrade, Fidelity and Charles Schwab.
What is LexinFintech's stock price today?
One share of LX stock can currently be purchased for approximately $10.89.
How big of a company is LexinFintech?
LexinFintech has a market capitalization of $1.78 billion and generates $1.10 billion in revenue each year. The company earns $287.59 million in net income (profit) each year or $1.60 on an earnings per share basis. LexinFintech employs 2,518 workers across the globe.
What is LexinFintech's official website?
MarketBeat Community Rating for LexinFintech (NASDAQ LX)
MarketBeat's community ratings are surveys of what our community members think about LexinFintech and other stocks. Vote "Outperform" if you believe LX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LX will underperform the S&P 500 over the long term. You may vote once every thirty days.
