The price of LexinFintech Holdings Ltd. (NASDAQ:LX) shares last traded on Wall Street rose 19.29% to $2.35.
Based on available information, 6 analysts follow LexinFintech Holdings Ltd. (NASDAQ:LX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.10 and a low of $12.81, we find $16.11. Given the previous closing price of $1.97, this indicates a potential upside of 717.77 percent. LX stock price is now 39.86% away from the 50-day moving average and 14.84% away from the 200-day moving average. The market capitalization of the company currently stands at $437.85M.
Among analysts, 1 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $16.29 as their price target over the next twelve months.
On December 20, 2021, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $4.30, while ‘Morgan Stanley’ rates the stock as ‘Overweight’.
A total of 4.17% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LX stock. A new stake in LexinFintech Holdings Ltd. shares was purchased by DGS CAPITAL MANAGEMENT, LLC during the first quarter worth $162,000. VIDENT INVESTMENT ADVISORY, LLC invested $32,000 in shares of LX during the first quarter. In the first quarter, QUANTBOT TECHNOLOGIES LP acquired a new stake in LexinFintech Holdings Ltd. valued at approximately $28,000. WIPFLI FINANCIAL ADVISORS LLC, acquired a new stake in LX for approximately $2,000. FMR LLC purchased a new stake in LX valued at around $1,000 in the second quarter. In total, there are 108 active investors with 21.80% ownership of the company’s stock.
A candlestick chart of LexinFintech Holdings Ltd. (NASDAQ: LX) showed a price of $2.0400 on Wednesday morning. During the past 12 months, LexinFintech Holdings Ltd. has had a low of $1.26 and a high of $3.99. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for LX is $1.6802 and a two-hundred day moving average price translates $2.0464 for the stock.
The latest earnings results from LexinFintech Holdings Ltd. (NASDAQ: LX) was released for Jun, 2022. According to the Credit Services Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.43 by 0.12. This compares to $0.44 EPS in the same period last year. The net profit margin was 8.60% and return on equity was 9.50% for LX. The company reported revenue of $378.2 million for the quarter, compared to $460.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.92 percent.
LexinFintech Holdings Ltd.(LX) Company Profile
LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People’s Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. It also provides technology-driven platform services to increase revenues, manage financial risks, enhance operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya application, a location-based services shopping experience with buy-now and pay-later options; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee, and financial technology services. 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 incorporated in 2013 and is headquartered in Shenzhen, the People’s Republic of China.