LexinFintech Holdings Ltd – (NASDAQ:LX) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.56 and last traded at $8.75, with a volume of 8440 shares. The stock had previously closed at $9.26.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded LexinFintech from a “hold” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group raised LexinFintech from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Bank of America reduced their price objective on LexinFintech from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 27th.
The company has a debt-to-equity ratio of 0.13, a current ratio of 1.11 and a quick ratio of 1.10. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 40.32.
LexinFintech (NASDAQ:LX) last posted its quarterly earnings results on Wednesday, November 14th. The company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $1.69. LexinFintech had a return on equity of 47.96% and a net margin of 15.33%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. LexinFintech’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that LexinFintech Holdings Ltd – will post 0.82 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in shares of LexinFintech during the 3rd quarter worth about $149,000. Marshall Wace LLP purchased a new stake in shares of LexinFintech during the 3rd quarter worth about $941,000. Krane Funds Advisors LLC raised its stake in shares of LexinFintech by 18.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 461,492 shares of the company’s stock worth $4,583,000 after purchasing an additional 71,028 shares in the last quarter. Symmetry Peak Management LLC purchased a new stake in shares of LexinFintech during the 3rd quarter worth about $199,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of LexinFintech during the 3rd quarter worth about $854,000. 6.71% of the stock is owned by institutional investors.
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About LexinFintech (NASDAQ:LX)
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.
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