LexinFintech Holdings Ltd – (NASDAQ:LX) has earned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.15.

LX has been the topic of a number of research reports. ValuEngine lowered LexinFintech from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Zacks Investment Research upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, July 26th. China Renaissance Securities restated a “buy” rating and set a $18.00 price objective on shares of LexinFintech in a research report on Tuesday, May 14th. Finally, BNP Paribas upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 price objective on the stock in a research report on Friday, May 10th.

LX stock traded up $0.41 during midday trading on Friday, reaching $10.75. 17,267 shares of the stock were exchanged, compared to its average volume of 545,129. The stock has a market capitalization of $1.75 billion, a PE ratio of 6.63 and a beta of 1.99. LexinFintech has a 52 week low of $6.48 and a 52 week high of $14.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.45 and a quick ratio of 1.44. The company has a fifty day moving average price of $11.00 and a 200 day moving average price of $11.61.

A number of hedge funds have recently modified their holdings of LX. Northern Trust Corp acquired a new position in LexinFintech during the fourth quarter worth about $461,000. Geode Capital Management LLC purchased a new position in LexinFintech in the 4th quarter worth about $292,000. FMR LLC increased its stake in LexinFintech by 254.8% in the 4th quarter. FMR LLC now owns 3,782,056 shares of the company’s stock worth $27,420,000 after purchasing an additional 2,715,988 shares in the last quarter. Ocean Arete Ltd. purchased a new position in LexinFintech in the 1st quarter worth about $709,000. Finally, Stevens Capital Management LP purchased a new position in LexinFintech in the 1st quarter worth about $232,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

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.

Recommended Story: What is quantitative easing?

Receive News & Ratings for LexinFintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LexinFintech and related companies with MarketBeat.com's FREE daily email newsletter.