LexinFintech Stock Forecast, Price & 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. Since then, LX shares have decreased by 23.5% and is now trading at $7.42.
View which stocks have been most impacted by COVID-19.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for LexinFintech.

Wall Street analysts have given LexinFintech a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but LexinFintech wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

LexinFintech is scheduled to release its next quarterly earnings announcement on Tuesday, March 23rd 2021.
View our earnings forecast for LexinFintech.

LexinFintech Holdings Ltd. (NASDAQ:LX) posted its quarterly earnings data on Monday, November, 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.79 by $0.36. LexinFintech had a net margin of 8.34% and a return on equity of 18.53%.
View LexinFintech's earnings history.

6 analysts have issued 12 month price objectives for LexinFintech's stock. Their forecasts range from $11.50 to $16.58. On average, they anticipate LexinFintech's stock price to reach $13.20 in the next year. This suggests a possible upside of 77.8% from the stock's current price.
View analysts' price targets for LexinFintech.

LexinFintech saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 4,000,000 shares, a drop of 44.9% from the October 15th total of 7,260,000 shares. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is currently 2.3 days.
View LexinFintech's Short Interest.

Some companies that are related to LexinFintech include Green Dot (GDOT), Walker & Dunlop (WD), Mr. Cooper Group (COOP), 360 DigiTech (QFIN), AMTD International (HKIB), Sprott (SII), Blucora (BCOR), Oportun Financial (OPRT), Qudian (QD), CURO Group (CURO), Yiren Digital (YRD), 9F (JFU), CNFinance (CNF), America First Multifamily Investors (ATAX) and Jiayin Group (JFIN).
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), Square (SQ), Alibaba Group (BABA), JD.com (JD), NeoGenomics (NEO), Inseego (INSG), Baidu (BIDU), Cisco Systems (CSCO) and Canopy Growth (CGC).

(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 variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.12%), JPMorgan Chase & Co. (0.62%), SG Americas Securities LLC (0.22%), California Public Employees Retirement System (0.15%), Ovata Capital Management Ltd (0.11%) and Dupont Capital Management Corp (0.11%).

LX stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Dupont Capital Management Corp, Raymond James & Associates, Natixis, State Street Corp, First Trust Advisors LP, and Cubist Systematic Strategies LLC.

LX stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, SG Americas Securities LLC, Ovata Capital Management Ltd, BlackRock Inc., Trexquant Investment LP, Schonfeld Strategic Advisors LLC, and Schonfeld Strategic Advisors LLC.

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 $7.42.

LexinFintech has a market capitalization of $1.30 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]