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
SymbolNASDAQ:LX
CUSIPN/A
PhoneN/A
Debt
Debt-to-Equity Ratio0.14
Current Ratio1.01
Quick Ratio1.01
Price-To-Earnings
Trailing P/E Ratio45.14
Forward P/E Ratio10.26
P/E GrowthN/A
Sales & Book Value
Annual Sales$857.97 million
Price / Sales1.92
Cash Flow$0.3136 per share
Price / Cash32.05
Book Value$1.60 per share
Price / Book6.28
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees2,518
Outstanding Shares163,860,000
Market Cap$1.64 billion
LexinFintech (NASDAQ:LX) Frequently Asked Questions
What is LexinFintech's stock symbol?
LexinFintech trades on the NASDAQ under the ticker symbol "LX."
What price target have analysts set for LX?
3 brokerages have issued 12-month price targets for LexinFintech's shares. Their forecasts range from $18.00 to $21.80. On average, they expect LexinFintech's share price to reach $20.2667 in the next twelve months. This suggests a possible upside of 101.7% 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 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LexinFintech.
Who are some of LexinFintech's key competitors?
Some companies that are related to LexinFintech include SBI (SBHGF), Green Dot (GDOT), Blackhawk Network (HAWK), Qudian (QD), Blucora (BCOR), Walker & Dunlop (WD), Curo Group (CURO), Wins Finance (WINS), Yirendai (YRD), Everi (EVRI), On Deck Capital (ONDK), Hexindai (HX), Elevate Credit (ELVT), America First Multifamily Investors (ATAX) and WMIH (WMIH).
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)
- 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 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.
Has LexinFintech been receiving favorable news coverage?
Media stories about LX stock have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LexinFintech earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave media stories about the company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for LexinFintech.
Who are LexinFintech's major shareholders?
LexinFintech's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Krane Funds Advisors LLC (0.24%), Bank of America Corp DE (0.06%), Jane Street Group LLC (0.02%) and Raymond James & Associates (0.01%).
Which major investors are buying LexinFintech stock?
LX stock was acquired by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, Bank of America Corp DE, Jane Street Group LLC 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 $10.05.
How big of a company is LexinFintech?
LexinFintech has a market capitalization of $1.64 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.
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.
