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NASDAQ:LXLexinFintech Stock Price, Forecast & News

$7.86
-0.71 (-8.28 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$7.82
Now: $7.86
$8.56
50-Day Range
$7.00
MA: $8.34
$9.46
52-Week Range
$6.98
Now: $7.86
$16.93
Volume3.19 million shs
Average Volume1.34 million shs
Market Capitalization$1.38 billion
P/E Ratio4.14
Dividend YieldN/A
Beta1.5
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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LexinFintech logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 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$1.91 per share
Book Value$5.40 per share

Profitability

Net Income$329.59 million

Miscellaneous

Employees2,365
Market Cap$1.38 billion
Next Earnings Date5/29/2020 (Estimated)
OptionableOptionable

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LexinFintech (NASDAQ:LX) Frequently Asked Questions

How has LexinFintech's stock been impacted by COVID-19 (Coronavirus)?

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LX stock has decreased by 19.0% and is now trading at $7.86. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of LexinFintech?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 1 hold rating and 4 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 Friday, May 29th 2020. View our earnings forecast for LexinFintech.

How were LexinFintech's earnings last quarter?

LexinFintech Holdings Ltd - (NASDAQ:LX) issued its quarterly earnings results on Tuesday, March, 24th. The company reported $2.87 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $2.31. The company earned $3.15 billion during the quarter, compared to the consensus estimate of $3.06 billion. LexinFintech had a net margin of 22.77% and a return on equity of 43.48%. The firm's revenue was up 50.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.02 EPS. View LexinFintech's earnings history.

What price target have analysts set for LX?

5 brokerages have issued 1 year price objectives for LexinFintech's stock. Their forecasts range from $12.00 to $22.00. On average, they expect LexinFintech's stock price to reach $15.98 in the next twelve months. This suggests a possible upside of 103.4% from the stock's current price. View analysts' price targets for LexinFintech.

Has LexinFintech been receiving favorable news coverage?

News articles about LX stock have trended very negative recently, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog 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 news sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutLexinFintech.

Are investors shorting LexinFintech?

LexinFintech saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 3,180,000 shares, a decline of 8.9% from the March 31st total of 3,490,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 3.1% of the company's shares are sold short. View LexinFintech's Current Options Chain.

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), NeoGenomics (NEO), Square (SQ), Alibaba Group (BABA), Canopy Growth (CGC), Inseego (INSG), Baidu (BIDU), JD.Com (JD) and Inovio Pharmaceuticals (INO).

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 (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.

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 a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (2.21%), UBS Group AG (1.15%), Krane Funds Advisors LLC (0.94%), Discovery Value Fund (0.60%), Assenagon Asset Management S.A. (0.46%) and GAM Holding AG (0.39%).

Which institutional investors are selling LexinFintech stock?

LX stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, GAM Holding AG, Acadian Asset Management LLC, Russell Investments Group Ltd., US Bancorp DE, Mackay Shields LLC, Invesco Ltd., 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 Morgan Stanley, Assenagon Asset Management S.A., UBS Group AG, Oasis Management Co Ltd., Citigroup Inc., Krane Funds Advisors LLC, Bogle Investment Management L P DE, and Deutsche Bank AG.

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 $7.86.

How big of a company is LexinFintech?

LexinFintech has a market capitalization of $1.38 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 2,365 workers across the globe.

What is LexinFintech's official website?

The official website for LexinFintech is ir.lexinfintech.com.

How can I contact LexinFintech?

LexinFintech's mailing address is 27/F CES TOWER 3099 KE YUAN SOUTH ROAD NANSHAN DISTRICT, SHENZHEN F4, 518052. The company can be reached via phone at 86-755-3637-8888 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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