LexinFintech (NASDAQ:LX) released its quarterly earnings data on Friday. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.42 by ($2.92), Morningstar.com reports. The firm had revenue of $969.60 million for the quarter. LexinFintech had a net margin of 27.22% and a return on equity of 59.67%. The firm’s quarterly revenue was up 53.8% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS.
Shares of NASDAQ LX traded up $0.42 during trading on Friday, reaching $10.25. 1,588,003 shares of the stock traded hands, compared to its average volume of 571,289. 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 50-day moving average of $10.65 and a 200-day moving average of $11.62. The stock has a market capitalization of $1.70 billion, a P/E ratio of 6.41 and a beta of 1.99.
Hedge funds and other institutional investors have recently modified their holdings of the company. TT International purchased a new stake in LexinFintech during the 1st quarter worth about $67,505,000. Bamco Inc. NY purchased a new stake in LexinFintech during the 2nd quarter worth about $22,876,000. Renaissance Technologies LLC lifted its holdings in LexinFintech by 278.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,558,528 shares of the company’s stock worth $17,393,000 after purchasing an additional 1,146,514 shares in the last quarter. GAM Holding AG purchased a new stake in LexinFintech during the 2nd quarter worth about $11,641,000. Finally, Bank of America Corp DE lifted its holdings in LexinFintech by 842.2% during the 2nd quarter. Bank of America Corp DE now owns 1,106,935 shares of the company’s stock worth $12,354,000 after purchasing an additional 989,450 shares in the last quarter. 17.28% of the stock is currently owned by hedge funds and other institutional investors.
LexinFintech Company Profile
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.
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