About LexinFintech (NASDAQ:LX)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products. 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, China.
Industry, Sector and Symbol
Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:LX
CUSIPN/A
PhoneN/A
Debt
Debt-to-Equity Ratio0.10%
Current Ratio0.99%
Quick Ratio0.98%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E Growth0.09
Sales & Book Value
Annual Sales$857.97 million
Price / Sales2.94
Cash FlowN/A
Price / CashN/A
Book Value$1.60 per share
Price / Book9.64
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees2,566
Outstanding Shares163,860,000
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 (NASDAQ:LX) announced its quarterly earnings data on Tuesday, March, 20th. The company reported $0.05 EPS for the quarter. The firm had revenue of $244.95 million for the quarter. View LexinFintech's Earnings History.
What price target have analysts set for LX?
2 equities research analysts have issued 1 year price objectives for LexinFintech's shares. Their forecasts range from $21.00 to $21.80. On average, they anticipate LexinFintech's stock price to reach $21.40 in the next twelve months. View Analyst Ratings for LexinFintech.
Who are some of LexinFintech's key competitors?
Some companies that are related to LexinFintech include Qudian (QD), Green Dot (GDOT), Blackhawk Network (HAWK), Yirendai (YRD), Walker & Dunlop (WD), Blucora (BCOR), CURO Group (CURO), Everi (EVRI), OnDeck Capital (ONDK), America First Multifamily Investors (ATAX), Elevate Credit (ELVT), WMIH (WMIH), China Rapid Finance (XRF), Medallion Financial (MFIN), Security National Financial (SNFCA), Consumer Portfolio Services (CPSS) and Harvest Capital Credit (HCAP).
Who are LexinFintech's key executives?
LexinFintech's management team includes the folowing people:
- Mr. Jay Wenjie Xiao, CEO & Director (Age 35)
- Mr. Jared Yi Wu, Pres & Director (Age 39)
- Mr. Craig Yan Zeng, CFO & Director (Age 50)
- Ms. Luping Le, Chief Operation Officer (Age 38)
- Mr. Kris Qian Qiao, Chief Financing Cooperation Officer (Age 40)
When did LexinFintech IPO?
(LX) raised $120 million in an IPO on Thursday, December 21st 2017. The company issued 12,000,000 shares at $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.
When does the company's lock-up period expire?
LexinFintech's lock-up period expires on Tuesday, June 19th. LexinFintech had issued 12,000,000 shares in its IPO on December 21st. The total size of the offering was $108,000,000 based on an initial share price of $9.00. After the end of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Has LexinFintech been receiving favorable news coverage?
News articles about LX stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LexinFintech earned a daily sentiment score of 0.11 on Accern's scale. They also assigned news stories about the company an impact score of 46.18 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
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 $15.42.
How big of a company is LexinFintech?
LexinFintech has a market capitalization of $2.53 billion and generates $857.97 million in revenue each year. The company earns $36.94 million in net income (profit) each year or $0.22 on an earnings per share basis. LexinFintech employs 2,566 workers across the globe.
MarketBeat Community Rating for LexinFintech (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.
LexinFintech (NASDAQ:LX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for LexinFintech in the last 12 months. Their average twelve-month price target is $21.40, suggesting that the stock has a possible upside of 38.78%. The high price target for LX is $21.80 and the low price target for LX is $21.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | N/A |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | N/A |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $21.40 | $21.40 | $21.40 | N/A |
| Price Target Upside: | 38.78% upside | 54.07% upside | 54.07% upside | N/A |
LexinFintech (NASDAQ:LX) Consensus Price Target History
LexinFintech (NASDAQ:LX) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/16/2018 | Deutsche Bank | Initiated Coverage | Buy | $21.00 | High |  |
| 1/14/2018 | Goldman Sachs | Initiated Coverage | Buy -> Buy | $21.80 | High | |
(Data available from 4/22/2016 forward)
LexinFintech (NASDAQ:LX) Earnings History and Estimates Chart
LexinFintech (NASDAQ:LX) Earnings Estimates
Current Year EPS Consensus Estimate: $1.36 EPS
LexinFintech (NASDAQ LX) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 3/20/2018 | Before Market | | $0.05 | | $244.95 million | View | Listen | |
(Earnings results data provided by Zacks Investment Research)
LexinFintech (NASDAQ:LX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
LexinFintech (NASDAQ LX) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 6.43%
LexinFintech (NASDAQ LX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
LexinFintech (NASDAQ LX) News Headlines
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LexinFintech (NASDAQ:LX) SEC Filings
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Financials are not available for this stock.
LexinFintech (NASDAQ LX) Stock Chart for Sunday, April, 22, 2018
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