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

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$14.43 +0.59 (+4.26 %)
(As of 04/21/2019 04:00 PM ET)
Previous Close$14.43
Today's Range$13.77 - $14.50
52-Week Range$6.48 - $18.34
Volume1.13 million shs
Average Volume1.12 million shs
Market Capitalization$2.36 billion
P/E Ratio9.02
Dividend YieldN/A
Beta2.15
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, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, institutional funding partners in its direct lending programs, and investors of its asset-backed securities. 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$0.3114 per share
Book Value$3.65 per share

Profitability

Net Income$287.59 million

Miscellaneous

Employees2,518
Market Cap$2.36 billion
Next Earnings Date5/20/2019 (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) posted its quarterly earnings data on Thursday, March, 14th. The company reported $4.02 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $3.79. The business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.11 billion. LexinFintech had a return on equity of 58.62% and a net margin of 22.39%. LexinFintech's revenue was up 31.4% on a year-over-year basis. View LexinFintech's Earnings History.

When is LexinFintech's next earnings date?

LexinFintech is scheduled to release their next quarterly earnings announcement on Monday, May 20th 2019. View Earnings Estimates for LexinFintech.

What price target have analysts set for LX?

2 brokers have issued twelve-month target prices for LexinFintech's stock. Their forecasts range from $18.00 to $18.00. On average, they anticipate LexinFintech's share price to reach $18.00 in the next year. This suggests a possible upside of 24.7% from the stock's current price. View Analyst Price Targets for LexinFintech.

What is the consensus analysts' recommendation for LexinFintech?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 2 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 coverage about LX stock has trended neutral recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. LexinFintech earned a news impact score of 0.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days.

Are investors shorting LexinFintech?

LexinFintech saw a decline in short interest during the month of March. As of March 15th, there was short interest totalling 447,769 shares, a decline of 41.1% from the February 28th total of 759,903 shares. Based on an average trading volume of 795,725 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company's stock 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 Marijuana Company Of America (MCOA), Canopy Growth (CGC), NVIDIA (NVDA), Paypal (PYPL), Adobe (ADBE), Hon Hai Precision Industry (HNHPF), Micron Technology (MU), Qudian (QD), Yirendai (YRD) and Intel (INTC).

Who are LexinFintech's key executives?

LexinFintech's management team includes the folowing people:
  • Mr. Jay Wenjie Xiao, Chairman & CEO (Age 36)
  • Mr. Jared Yi Wu, Pres & Director (Age 40)
  • Mr. Craig Yan Zeng, CFO & Director (Age 51)
  • Ms. Shirley Yang, Chief HR Officer
  • Mr. Kris 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 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 number of of institutional and retail investors. Top institutional investors include New Silk Road Investment PTE Ltd. (0.17%) and Segantii Capital Management Ltd (0.01%).

Which institutional investors are buying LexinFintech stock?

LX stock was bought by a variety of institutional investors in the last quarter, including New Silk Road Investment PTE Ltd. and Segantii Capital Management Ltd.

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 $14.43.

How big of a company is LexinFintech?

LexinFintech has a market capitalization of $2.36 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:  2.0 out of 5 (star star)
Outperform Votes:  136 (Vote Outperform)
Underperform Votes:  198 (Vote Underperform)
Total Votes:  334
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 4/21/2019 by MarketBeat.com Staff

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