LexinFintech (NASDAQ:LX – get rating) released its earnings results on Monday. The company reported earnings per share (EPS) of $3.72 for the quarter, beating the consensus estimate of $2.92 by $0.80, loyalty earnings reports. LexinFintech had a net margin of 20.47% and a return on capital of 32.63%. During the same quarter of the prior year, the company earned $0.53 of earnings per share.
LX opened at $2.02 on Wednesday. LexinFintech has a fifty two week minimum of $1.89 and a fifty two week maximum of $13.62. The firm has a debt-to-equity ratio of 0.32, a quick ratio of 1.63, and a current ratio of 1.63. The company has a fifty day moving average of $2.52 and a two hundred day moving average of $3.29. The stock has a market cap of $371.42 million, a P/E ratio of 1.15, and a beta of 0.72.
Several research analysts recently issued reports on the stock. Citigroup cut shares of LexinFintech from a “buy” rating to a “neutral” rating in a report on Tuesday. CLSA cut shares of LexinFintech from an “outperform” rating to a “sell” rating in a report on Wednesday. Finally, Zacks Investment Research cut shares of LexinFintech from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 12. Two investment analysts rated the stock a sell rating, three gave it a hold rating and one gave the stock a buy rating. According to data from MarketBeat.com, the company has an average “Hold” rating and an average price target of $9.85.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in LexinFintech shares by 1,462.3% in the first quarter. BNP Paribas Arbitrage SA now owns 99,988 shares of the company valued at $262,000 after purchasing an additional 93,588 shares during the period. Goldman Sachs Group Inc. increased its position in LexinFintech shares by 27.2% in the first quarter. Goldman Sachs Group Inc. now owns 366,996 shares of the company valued at $962,000 after purchasing an additional 78,379 shares during the period. Wellington Management Group LLP acquired a new share of LexinFintech stock in the first quarter valued at about $896,000. State Street Corp increased its position in LexinFintech shares by 7.0% in the first quarter. State Street Corp now owns 1,287,271 shares of the company valued at $3,373,000 after purchasing an additional 84,091 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new position in LexinFintech during the first quarter for approximately $129,000. Institutional investors and hedge funds own 31.56% of the company’s shares.
About LexinFintech (get rating)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer and consumer finance platform for young professionals in the People’s Republic of China. The company operates Fenqile.com, a consumer finance and consumer platform that offers installment purchase loans, personal installment loans and other loan products, as well as direct online sales with installment payments; and Le Card, a membership platform that offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure sectors.
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