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
Stock Exchange NASDAQ
Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:LX
Previous Symbol
CUSIPN/A
PhoneN/A
Debt
Debt-to-Equity Ratio0.13
Current Ratio1.11
Quick Ratio1.10
Price-To-Earnings
Trailing P/E Ratio36.59
Forward P/E Ratio9.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$857.97 million
Price / Sales1.55
Cash Flow$0.2933 per share
Price / Cash Flow27.75
Book Value$1.60 per share
Price / Book5.09
Profitability
EPS (Most Recent Fiscal Year)$0.22
Net Income$36.94 million
Net Margins15.33%
Return on Equity47.96%
Return on Assets7.11%
Miscellaneous
Employees2,518
Outstanding Shares163,860,000
Market Cap$1.42 billion
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 earnings results on Wednesday, November, 14th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $0.24 by $1.69. The company earned $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. LexinFintech had a net margin of 15.33% and a return on equity of 47.96%. The company's quarterly revenue was up 16.6% compared to the same quarter last year. View LexinFintech's Earnings History.
When is LexinFintech's next earnings date?
What price target have analysts set for LX?
3 equities research analysts have issued twelve-month price objectives for LexinFintech's shares. Their forecasts range from $18.00 to $21.80. On average, they anticipate LexinFintech's share price to reach $20.2667 in the next year. This suggests a possible upside of 148.7% from the stock's current price. View Analyst Price Targets for LexinFintech.
What is the consensus analysts' recommendation for LexinFintech?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LexinFintech.
Has LexinFintech been receiving favorable news coverage?
Press coverage about LX stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LexinFintech earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the stock's share price in the near future.
Are investors shorting LexinFintech?
LexinFintech saw a drop in short interest during the month of November. As of November 30th, there was short interest totalling 817,033 shares, a drop of 39.5% from the November 15th total of 1,351,453 shares. Based on an average daily trading volume, of 270,549 shares, the short-interest ratio is presently 3.0 days. Currently, 0.8% of the shares of the company are short sold. View LexinFintech's Current Options Chain.
Who are some of LexinFintech's key competitors?
Some companies that are related to LexinFintech include SBI (SBHGF), Green Dot (GDOT), Qudian (QD), Walker & Dunlop (WD), Blucora (BCOR), Mr. Cooper Group (COOP), X Financial (XYF), Yirendai (YRD), Weidai (WEI), Wins Finance (WINS), On Deck Capital (ONDK), Curo Group (CURO), Everi (EVRI), CNFinance (CNF) and America First Multifamily Investors (ATAX).
Who are LexinFintech's key executives?
LexinFintech's management team includes the folowing people:
- Mr. Jay Wenjie Xiao, Chairman & CEO (Age 35)
- Mr. Jared Yi Wu, Pres & Director (Age 39)
- Mr. Craig Yan Zeng, CFO & Director (Age 50)
- Mr. Kris Qian Qiao, Chief Financing Cooperation Officer (Age 40)
- Mr. Ryan Huanian Liu, Chief Risk Officer (Age 40)
When did LexinFintech IPO?
(LX) raised $120 million in an initial public offering 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.
Who are LexinFintech's major shareholders?
LexinFintech's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (0.65%), Krane Funds Advisors LLC (0.28%), Penserra Capital Management LLC (0.11%), Elephas Investment Management Ltd (0.10%), Wells Fargo & Company MN (0.08%) and Marshall Wace LLP (0.06%).
Which major investors are selling LexinFintech stock?
LX stock was sold by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Penserra Capital Management LLC and Wells Fargo & Company MN.
Which major investors are buying LexinFintech stock?
LX stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Elephas Investment Management Ltd, Marshall Wace LLP, Highbridge Capital Management LLC, GSA Capital Partners LLP, Krane Funds Advisors LLC, Granite Point Capital Management L.P. and Symmetry Peak Management 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, Scottrade, Fidelity and Charles Schwab.
What is LexinFintech's stock price today?
One share of LX stock can currently be purchased for approximately $8.15.
How big of a company is LexinFintech?
LexinFintech has a market capitalization of $1.42 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 2,518 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.
