LexinFintech (NASDAQ:LX) Issues Quarterly Earnings Results

LexinFintech (NASDAQ:LX) released its quarterly earnings data on Monday. The company reported $0.41 earnings per share (EPS) for the quarter, Zacks reports. LexinFintech had a return on equity of 14.67% and a net margin of 11.50%.

LexinFintech Trading Up 8.3%

LX opened at $3.78 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 1.89. The stock’s 50 day moving average price is $4.85 and its 200-day moving average price is $6.24. LexinFintech has a one year low of $3.33 and a one year high of $11.64. The stock has a market cap of $636.02 million, a price-to-earnings ratio of 2.98 and a beta of 0.51.

Hedge Funds Weigh In On LexinFintech

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in LexinFintech by 350.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock worth $72,000 after purchasing an additional 7,756 shares during the period. Prelude Capital Management LLC bought a new position in shares of LexinFintech in the third quarter worth about $80,000. Quarry LP purchased a new position in LexinFintech in the 3rd quarter worth about $100,000. Quantbot Technologies LP bought a new stake in LexinFintech during the 2nd quarter valued at about $107,000. Finally, Tidal Investments LLC bought a new stake in LexinFintech during the 2nd quarter valued at about $115,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of LexinFintech in a report on Wednesday, October 8th. Wall Street Zen lowered shares of LexinFintech from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, LexinFintech presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

LexinFintech Company Profile

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.