NASDAQ:LX - LexinFintech Stock Price, News, & Analysis

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$12.33 +0.27 (+2.24 %)
(As of 05/26/2019 07:01 AM ET)
Previous Close$12.33
Today's Range$12.11 - $12.47
52-Week Range$6.48 - $17.39
Volume927,359 shs
Average Volume944,829 shs
Market Capitalization$2.02 billion
P/E Ratio7.71
Dividend YieldN/A
Beta2.33
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.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. 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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Industry, Sector and Symbol

Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIKN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.10 billion
Cash Flow$1.80 per share
Book Value$4.29 per share

Profitability

Net Income$287.59 million

Miscellaneous

Employees2,518
Market Cap$2.02 billion
Next Earnings Date8/22/2019 (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 results on Friday, May, 17th. The company reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.29 by $0.19. The company earned $1.97 billion during the quarter, compared to the consensus estimate of $1.90 billion. LexinFintech had a net margin of 27.22% and a return on equity of 59.67%. LexinFintech's revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 EPS. View LexinFintech's Earnings History.

When is LexinFintech's next earnings date?

LexinFintech is scheduled to release their next quarterly earnings announcement on Thursday, August 22nd 2019. View Earnings Estimates for LexinFintech.

What price target have analysts set for LX?

4 equities research analysts have issued 1-year price objectives for LexinFintech's shares. Their predictions range from $12.60 to $18.00. On average, they expect LexinFintech's stock price to reach $16.20 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price. View Analyst Price Targets for LexinFintech.

What is the consensus analysts' recommendation for LexinFintech?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LexinFintech.

Has LexinFintech been receiving favorable news coverage?

News stories about LX stock have trended positive on Sunday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing 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 closest to five being the most favorable. LexinFintech earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

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 NVIDIA (NVDA), Canopy Growth (CGC), Marijuana Company Of America (MCOA), Adobe (ADBE), Paypal (PYPL), Micron Technology (MU), Qudian (QD), Yirendai (YRD), Hon Hai Precision Industry (HNHPF) and Netflix (NFLX).

Who are LexinFintech's key executives?

LexinFintech's management team includes the folowing people:
  • Mr. Wenjie Xiao, Chairman & CEO (Age 36)
  • Mr. Yi Wu, Pres & Director (Age 40)
  • Mr. Yan Zeng, CFO & Director (Age 51)
  • Ms. Yunwen Yang, Chief HR Officer (Age 48)
  • Mr. Qian Qiao, Chief Financing Cooperation Officer (Age 41)

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.

Who are LexinFintech's major shareholders?

LexinFintech's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include TT International (3.92%), FMR LLC (2.32%), Krane Funds Advisors LLC (0.62%), Discovery Value Fund (0.60%), MERIAN GLOBAL INVESTORS UK Ltd (0.38%) and Marshall Wace LLP (0.35%).

Which institutional investors are selling LexinFintech stock?

LX stock was sold by a variety of institutional investors in the last quarter, including Discovery Value Fund, Bank of Montreal Can and Raymond James & Associates.

Which institutional investors are buying LexinFintech stock?

LX stock was acquired by a variety of institutional investors in the last quarter, including TT International, MERIAN GLOBAL INVESTORS UK Ltd, Marshall Wace LLP, Renaissance Technologies LLC, Oxford Asset Management LLP, Man Group plc, New Silk Road Investment PTE Ltd. and Morgan Stanley.

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 $12.33.

How big of a company is LexinFintech?

LexinFintech has a market capitalization of $2.02 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?

The official website for LexinFintech is http://www.fenqile.com/.


MarketBeat Community Rating for LexinFintech (NASDAQ LX)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  144 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  348
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.
This page was last updated on 5/26/2019 by MarketBeat.com Staff

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