LexinFintech (NASDAQ:LX) Releases Earnings Results

LexinFintech (NASDAQ:LXGet Free Report) released its quarterly earnings data on Wednesday. The company reported $0.01 EPS for the quarter, reports. LexinFintech had a net margin of 8.15% and a return on equity of 11.35%. The company had revenue of $494.29 million during the quarter.

LexinFintech Stock Performance

Shares of LX stock opened at $1.91 on Friday. LexinFintech has a 12 month low of $1.62 and a 12 month high of $3.01. The stock has a market cap of $310.81 million, a PE ratio of 2.22 and a beta of 0.59. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average price is $1.84 and its 200-day moving average price is $1.95.

Institutional Trading of LexinFintech

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of LexinFintech by 112.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 65,687 shares of the company’s stock worth $172,000 after purchasing an additional 34,814 shares during the last quarter. JPMorgan Chase & Co. raised its position in LexinFintech by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 245,366 shares of the company’s stock worth $643,000 after buying an additional 4,842 shares during the last quarter. American Century Companies Inc. increased its position in shares of LexinFintech by 25.1% during the 1st quarter. American Century Companies Inc. now owns 79,202 shares of the company’s stock valued at $208,000 after purchasing an additional 15,887 shares during the last quarter. Citigroup Inc. increased its position in shares of LexinFintech by 859.4% during the 1st quarter. Citigroup Inc. now owns 856,248 shares of the company’s stock valued at $2,243,000 after purchasing an additional 767,004 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of LexinFintech by 30.0% during the 1st quarter. Acadian Asset Management LLC now owns 73,469 shares of the company’s stock valued at $191,000 after purchasing an additional 16,962 shares during the last quarter. Institutional investors own 57.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of LexinFintech from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.86 to $2.12 in a research note on Friday, November 24th.

Read Our Latest Analysis on LexinFintech

LexinFintech Company Profile

(Get Free Report)

LexinFintech Holdings Ltd., through its subsidiaries, provides 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 online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.

Further Reading

Earnings History for LexinFintech (NASDAQ:LX)

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