NASDAQ:LXLexinFintech Stock Price, Forecast & News

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LX stock has decreased by 13.3% and is now trading at $8.41. View which stocks have been most impacted by Coronavirus.

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.

LexinFintech is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for LexinFintech.

LexinFintech will be holding an earnings conference call on Thursday, June 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

LexinFintech Holdings Ltd - (NASDAQ:LX) issued its quarterly earnings results on Tuesday, March, 24th. The company reported $2.87 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $2.31. The business had revenue of $3.15 billion for 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%. LexinFintech's revenue for the quarter was up 50.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.02 earnings per share. View LexinFintech's earnings history.

5 Wall Street analysts have issued twelve-month target prices for LexinFintech's stock. Their forecasts range from $12.00 to $22.00. On average, they expect LexinFintech's share price to reach $15.54 in the next twelve months. This suggests a possible upside of 84.7% from the stock's current price. View analysts' price targets for LexinFintech.

News coverage about LX stock has trended somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. LexinFintech earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutLexinFintech.

Some companies that are related to LexinFintech include SBI (SBHGF), Green Dot (GDOT), 360 Finance (QFIN), Walker & Dunlop (WD), Mr. Cooper Group (COOP), Blucora (BCOR), Qudian (QD), Yirendai (YRD), Curo Group (CURO), Oportun Financial (OPRT), America First Multifamily Investors (ATAX), CNFinance (CNF), Wins Finance (WINS), Jiayin Group (JFIN) and Security National Financial (SNFCA). View all competitors.

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).

(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 served as the underwriters for the IPO and ICBC International was co-manager.

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

LexinFintech's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.21%), Morgan Stanley (2.21%), UBS Group AG (1.15%), Krane Funds Advisors LLC (0.94%), Discovery Value Fund (0.60%) and Assenagon Asset Management S.A. (0.46%).

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.

LX stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Assenagon Asset Management S.A., UBS Group AG, Oasis Management Co Ltd., Citigroup Inc., Krane Funds Advisors LLC, and Bogle Investment Management L P DE.

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.

One share of LX stock can currently be purchased for approximately $8.41.

LexinFintech has a market capitalization of $1.48 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.

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

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]