Shares of LexinFintech Holdings Ltd – (NASDAQ:LX) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.90.

LX has been the topic of a number of research analyst reports. ValuEngine downgraded LexinFintech from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. China Renaissance Securities reiterated a “buy” rating and set a $18.00 target price on shares of LexinFintech in a research report on Tuesday. BNP Paribas upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 target price on the stock in a research report on Friday, May 10th. Finally, Zacks Investment Research upgraded LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, February 2nd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TT International purchased a new stake in LexinFintech during the first quarter worth $67,505,000. FMR LLC lifted its position in shares of LexinFintech by 0.6% in the first quarter. FMR LLC now owns 3,805,887 shares of the company’s stock valued at $39,961,000 after acquiring an additional 23,831 shares in the last quarter. Discovery Value Fund purchased a new stake in shares of LexinFintech in the fourth quarter valued at $8,494,000. Krane Funds Advisors LLC lifted its position in shares of LexinFintech by 5.8% in the first quarter. Krane Funds Advisors LLC now owns 1,009,427 shares of the company’s stock valued at $10,599,000 after acquiring an additional 55,355 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of LexinFintech in the first quarter valued at $6,577,000. Institutional investors own 9.29% of the company’s stock.

Shares of LexinFintech stock traded down $0.69 during trading on Friday, reaching $12.99. The company’s stock had a trading volume of 2,248,400 shares, compared to its average volume of 929,547. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.29 and a quick ratio of 1.28. LexinFintech has a 12-month low of $6.48 and a 12-month high of $18.34. The company has a market cap of $2.13 billion, a PE ratio of 8.12 and a beta of 2.33.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings results on Thursday, March 14th. The company reported $4.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $3.79. LexinFintech had a return on equity of 58.62% and a net margin of 22.39%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.11 billion. LexinFintech’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, equities research analysts anticipate that LexinFintech will post 1.64 EPS for the current fiscal year.

About LexinFintech

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.com, a retail and online 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.

Further Reading: Debt-To-Equity Ratio

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