Other analysts have also recently issued reports about the stock. Credit Suisse Group began coverage on shares of LexinFintech in a report on Tuesday, October 8th. They set an outperform rating and a $17.00 target price for the company. Zacks Investment Research lowered shares of LexinFintech from a buy rating to a hold rating in a research note on Friday, October 4th. TheStreet lowered shares of LexinFintech from a c- rating to a d+ rating in a research note on Friday, October 11th. BOCOM International assumed coverage on shares of LexinFintech in a research note on Thursday, October 10th. They issued a buy rating and a $12.34 price objective for the company. Finally, Bank of America raised their price objective on shares of LexinFintech from $21.00 to $22.00 and gave the stock a buy rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. LexinFintech currently has an average rating of Buy and a consensus price target of $15.32.
NASDAQ:LX traded down $0.10 during trading hours on Friday, reaching $10.63. 1,034,182 shares of the company’s stock were exchanged, compared to its average volume of 1,167,054. The company has a market capitalization of $1.88 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 0.45 and a beta of 1.97. LexinFintech has a 12 month low of $6.48 and a 12 month high of $14.66. The business’s 50-day simple moving average is $10.30 and its two-hundred day simple moving average is $11.47.
A number of institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. acquired a new stake in shares of LexinFintech during the 2nd quarter valued at $28,000. American Beacon Advisors Inc. acquired a new stake in shares of LexinFintech during the 2nd quarter valued at $33,000. Aperio Group LLC acquired a new stake in shares of LexinFintech during the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC bought a new position in shares of LexinFintech during the 2nd quarter valued at $54,000. Finally, Royal Bank of Canada bought a new position in shares of LexinFintech during the 2nd quarter valued at $56,000. 21.09% of the stock is owned by hedge funds and other institutional investors.
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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