LexinFintech (NASDAQ:LX – received rating) was updated by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “LexinFintech Holdings Ltd. an online consumer finance platform for educated young adults, primarily in China. The company offers technologies such as big data, cloud computing and artificial intelligence. LexinFintech Holdings Ltd. is based in China. “

Other stocks research analysts also recently issued research reports on the company. CLSA lowered LexinFintech from an outperform rating to a sell rating and set a price target of $2.10 on the stock. in a report on Wednesday June 1st. Citigroup downgraded LexinFintech from a “buy” rating to a “neutral” rating in a report Tuesday, May 31. One equities research analyst has rated the stock with a sell rating, four with a hold rating and one with a buy rating. Based on data from MarketBeat, LexinFintech has an average rating of Hold and a consensus target of $8.30.

shares of NASDAQ LX opened at $1.95 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt to equity ratio of 0.45. The company’s 50-day moving average price is $2.41 and its 200-day moving average price is $3.15. LexinFintech has a 52-week low of $1.67 and a 52-week high of $13.62. The stock has a market cap of $358.54 million, a P/E of 1.50 and a beta of 0.74.

LexinFintech (NASDAQ:LX – received rating) last released its earnings results on Monday, May 30th. The company reported earnings per share (EPS) of $3.72 for the quarter, beating analyst consensus estimates of $2.92 by $0.80. LexinFintech had a net margin of 16.71% and a return on equity of 23.17%. In the same period last year, the company earned $0.53 per share. As a group, equity analysts expect LexinFintech to report year-to-date earnings per share of 1.65.

Several hedge funds and other institutional investors have bought and sold shares of the stock recently. Vanguard Group Inc. increased its stake in LexinFintech by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,129,620 shares of the Company’s stock valued at $10,819,000, having purchased an additional 33,992 shares during the period. FMR LLC increased its stake in LexinFintech by 0.6% during the first quarter. FMR LLC now owns 3,805,887 shares of the Company’s shares valued at $39,961,000, having purchased an additional 23,831 shares during the period. FIL Ltd increased its position in LexinFintech by 2.9% in the third quarter. FIL Ltd now owns 3,067,707 shares of the company valued at $18,069,000 after purchasing an additional 85,264 shares during the last quarter. BlackRock Inc. added 0.3% to its position in LexinFintech in the first quarter. BlackRock Inc. now owns 2,460,483 shares of the company’s stock valued at $6,446,000 after purchasing an additional 8,439 shares last quarter. Finally, Dimensional Fund Advisors LP increased its position in LexinFintech by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,842,159 shares of the company’s stock valued at $4,840,000 after purchasing an additional 47,563 shares last quarter. Institutional investors and hedge funds own 31.56% of the company’s shares.

LexinFintech company profile (received rating)

LexinFintech Holdings Ltd. operates through its subsidiaries as an online consumption and consumer finance platform for young professionals in the People’s Republic of China. The Company operates Fenqile.com, a consumer and consumer finance platform that offers installment loans, personal installment loans and other loan products, as well as online direct sales with installment terms; and Le Card, a membership platform offering savings, benefits and membership privileges in the food and beverage, apparel, hospitality and leisure sectors.

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