LexinFintech Holdings Ltd. (NASDAQ:LX) Receives Average Recommendation of “Hold” from Brokerages

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX – Get Rating) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.44.

Separately, Zacks Investment Research downgraded LexinFintech from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LX. Norges Bank acquired a new stake in LexinFintech in the fourth quarter valued at $3,542,000. BlackRock Inc. boosted its stake in shares of LexinFintech by 7.2% during the 4th quarter. BlackRock Inc. now owns 2,452,044 shares of the company’s stock worth $9,465,000 after acquiring an additional 164,668 shares in the last quarter. Channing Global Advisors LLC purchased a new stake in shares of LexinFintech during the 4th quarter worth approximately $85,000. Virtu Financial LLC purchased a new stake in shares of LexinFintech during the 4th quarter worth approximately $223,000. Finally, Toroso Investments LLC purchased a new stake in shares of LexinFintech during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 24.01% of the company’s stock.

Shares of LX stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.54. The stock had a trading volume of 38,107 shares, compared to its average volume of 2,103,495. LexinFintech has a 12-month low of $1.90 and a 12-month high of $13.62. The firm has a market capitalization of $462.39 million, a P/E ratio of 1.43 and a beta of 0.78. The firm’s 50-day moving average is $2.94 and its two-hundred day moving average is $3.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.63 and a quick ratio of 1.63.

LexinFintech (NASDAQ:LX – Get Rating) last released its quarterly earnings results on Tuesday, March 15th. The company reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.33). LexinFintech had a return on equity of 32.63% and a net margin of 20.47%. During the same period in the prior year, the business earned $0.39 earnings per share. Analysts expect that LexinFintech will post 1.65 EPS for the current year.

LexinFintech Company Profile (Get Rating)

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

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