LexinFintech (NASDAQ:LX) Cut to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of LexinFintech (NASDAQ:LX – Free Report) from a strong-buy rating to a buy rating in a research note released on Friday.

Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the company a “buy” rating in a research note on Friday, March 21st.

Check Out Our Latest Report on LX

LexinFintech Price Performance

LX stock opened at $7.29 on Friday. LexinFintech has a 1 year low of $1.57 and a 1 year high of $11.64. The company has a market cap of $1.23 billion, a P/E ratio of 6.88 and a beta of 0.43. The firm has a 50-day moving average of $7.75 and a 200 day moving average of $7.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.85 and a quick ratio of 1.85.

LexinFintech (NASDAQ:LX – Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 9.44% and a return on equity of 12.52%. The company had revenue of $427.76 million during the quarter.

Institutional Investors Weigh In On LexinFintech

Institutional investors have recently made changes to their positions in the company. Aigen Investment Management LP purchased a new stake in shares of LexinFintech during the first quarter valued at approximately $103,000. Ameriprise Financial Inc. purchased a new stake in shares of LexinFintech during the fourth quarter valued at approximately $61,000. CreativeOne Wealth LLC purchased a new stake in shares of LexinFintech during the first quarter valued at approximately $107,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of LexinFintech during the fourth quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock valued at $71,000 after buying an additional 7,227 shares during the last quarter.

About LexinFintech

(Get Free Report)

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.

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