LexinFintech Holdings Ltd. (NASDAQ: LX) receives consensus rating of “hold” from analysts
LexinFintech Holdings Ltd. (NASDAQ: LX) have received a consensus rating of “Hold” from the six rating agencies that cover the company, Marketbeat reports. One analyst rated the stock with a sell rating, one with a hold rating, and three with a buy rating. The average twelve-month target price among brokers who have covered the stock over the past year is $ 11.97.
LX has been the subject of several research reports. Citigroup lowered its price target on LexinFintech stock from $ 18.55 to $ 9.89 and announced on Thursday, April 26th. Zacks Investment Research in a research release made Tuesday September 14th, downgrading LexinFintech’s stock from a “hold” rating to a “sell” rating. Morgan Stanley upgraded LexinFintech stock from an “equilibrium” rating to an “overweight” rating and raised its price target for the stock from $ 15.30 to $ 18.00 in a research release on Monday, June 14th at. Eventually, DBS Vickers downgraded LexinFintech’s stock from a “buy” rating to a “hold” rating and set a price target of $ 7.20 for the company. in a research note on Thursday August 26th.
LX stock opened at $ 5.89 on Friday. The company has a leverage ratio of 0.35, a current ratio of 1.54, and a quick ratio of 1.53. LexinFintech has a 52-week low of $ 5.35 and a 52-week high of $ 15.42. The company has a 50-day moving average of $ 6.68 and a 200-day moving average of $ 8.90. The stock has a market capitalization of $ 1.07 billion, a price to earnings ratio of 3.28, a price to earnings ratio of 0.42, and a beta of 0.90.
LexinFintech (NASDAQ: LX) last released its quarterly results on Tuesday, August 24th. The company reported earnings per share (EPS) of $ 4.08 for the quarter, beating Zacks’ consensus estimate of $ 2.73 by $ 1.35. LexinFintech had a net margin of 19.06% and a return on equity of 39.51%. The company had sales of $ 506.28 million for the quarter. Equity analysts expect LexinFintech to post 2.04 EPS for the current fiscal year.
Several institutional investors recently changed their holdings in LX. Oceanlink Management LTD. increased its position in LexinFintech stocks 51.6% in the first quarter. Oceanlink Management LTD. now owns 15,513,116 shares in the company valued at $ 156,062,000 after purchasing an additional 5,277,634 shares last quarter. Cederberg Capital Ltd bought a new position in LexinFintech shares for $ 79,276,000 in the first quarter. Vanguard Group Inc. increased its position in LexinFintech stocks by 7.2% in the second quarter. Vanguard Group Inc. now owns 3,925,985 shares in the company valued at $ 48,094,000 after purchasing an additional 264,429 shares last quarter. FMR LLC increased its position in LexinFintech by 0.6% in the first quarter. FMR LLC now owns 3,805,887 shares in the company valued at $ 39,961,000 after acquiring an additional 23,831 shares in the most recent quarter. Finally, FIL Ltd increased its position in LexinFintech by 77.8% in the first quarter. FIL Ltd now owns 3,090,540 shares in the company valued at $ 31,090,000 after purchasing an additional 1,352,353 shares last quarter. 25.74% of the shares are owned by institutional investors and hedge funds.
Lexinfintech Holdings Ltd. deals with the provision of online consumer finance platforms. Via its subsidiaries, it offers online direct sales with terms and conditions of payment in installments; Hire purchase loan; and personal installment loans. Its services are offered through its online consumer finance platform www.fenqile.com; and mobile application.
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