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NASDAQ:LX

LexinFintech Stock Forecast, Price & News

$6.84
-0.06 (-0.87 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$6.68
Now: $6.84
$6.99
50-Day Range
$6.54
MA: $7.97
$8.98
52-Week Range
$6.45
Now: $6.84
$16.93
Volume1.76 million shs
Average Volume1.91 million shs
Market Capitalization$1.20 billion
P/E Ratio9.91
Dividend YieldN/A
Beta1.24
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


Industry, Sector and Symbol

Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIKN/A
Phone86-755-3637-8888

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.52 billion
Cash Flow$1.92 per share
Book Value$5.40 per share

Profitability

Net Income$329.59 million

Miscellaneous

Employees3,227
Market Cap$1.20 billion
Next Earnings Date11/16/2020 (Estimated)
OptionableOptionable
$6.84
-0.06 (-0.87 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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LexinFintech (NASDAQ:LX) Frequently Asked Questions

How has LexinFintech's stock price been impacted by Coronavirus?

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LX stock has decreased by 29.5% and is now trading at $6.84.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of LexinFintech?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for LexinFintech
.

When is LexinFintech's next earnings date?

LexinFintech is scheduled to release its next quarterly earnings announcement on Monday, November 16th 2020.
View our earnings forecast for LexinFintech
.

How were LexinFintech's earnings last quarter?

LexinFintech Holdings Ltd - (NASDAQ:LX) released its quarterly earnings results on Tuesday, August, 18th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.25 by $0.04. The business had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $2.53 billion. LexinFintech had a return on equity of 18.53% and a net margin of 8.34%. The business's revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $3.69 earnings per share.
View LexinFintech's earnings history
.

What price target have analysts set for LX?

7 analysts have issued 1 year price targets for LexinFintech's stock. Their forecasts range from $11.50 to $16.58. On average, they anticipate LexinFintech's stock price to reach $13.07 in the next year. This suggests a possible upside of 91.1% from the stock's current price.
View analysts' price targets for LexinFintech
.

Are investors shorting LexinFintech?

LexinFintech saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 4,700,000 shares, an increase of 13.8% from the May 31st total of 4,130,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is currently 2.7 days.
View LexinFintech's Short Interest
.

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 Marvell Technology Group (MRVL), NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), NeoGenomics (NEO), Inseego (INSG), JD.Com (JD), Canopy Growth (CGC), Baidu (BIDU) and Hon Hai Precision Industry (HNHPF).

Who are LexinFintech's key executives?

LexinFintech's management team includes the following 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 initial public offering 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 acted as the underwriters for the IPO and ICBC International was co-manager.

What is LexinFintech's stock symbol?

LexinFintech trades on the NASDAQ under the ticker symbol "LX."

Who are LexinFintech's major shareholders?

LexinFintech's stock is owned by many different retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (2.89%), Vanguard Group Inc. (1.92%), Bank of America Corp DE (1.75%), Bamco Inc. NY (1.60%), UBS Group AG (1.38%) and FIL Ltd (1.36%).

Which major investors are selling LexinFintech stock?

LX stock was sold by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, Discovery Value Fund, Goldman Sachs Group Inc., Two Sigma Advisers LP, Engineers Gate Manager LP, Schonfeld Strategic Advisors LLC, and US Bancorp DE.

Which major investors are buying LexinFintech stock?

LX stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., UBS Group AG, Barclays PLC, Canada Pension Plan Investment Board, Bamco Inc. NY, FMR LLC, FIL Ltd, and California Public Employees Retirement System.

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, Robinhood, Fidelity, and Charles Schwab.

What is LexinFintech's stock price today?

One share of LX stock can currently be purchased for approximately $6.84.

How big of a company is LexinFintech?

LexinFintech has a market capitalization of $1.20 billion and generates $1.52 billion in revenue each year. The company earns $329.59 million in net income (profit) each year or $1.76 on an earnings per share basis. LexinFintech employs 3,227 workers across the globe.

What is LexinFintech's official website?

The official website for LexinFintech is www.lexin.com.

How can I contact LexinFintech?

LexinFintech's mailing address is 27/F CES TOWER 3099 KE YUAN SOUTH ROAD NANSHAN DISTRICT, SHENZHEN F4, 518057. The company can be reached via phone at 86-755-3637-8888 or via email at [email protected]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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