Lexin Fintech Holdings Ltd. (NASDAQ:LX) Brief Interest Update

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Lexin Fintech Holdings Ltd. (NASDAQ:LXGet a rating) saw a significant decline in short interest in May. As of May 31, there was selling interest totaling 525,300 shares, down 34.2% from the May 15 total of 798,000 shares. Based on an average daily trading volume of 2,270,000 shares, the days-to-cover ratio is currently 0.2 days.

A number of research companies have commented on LX. CLSA downgraded shares of LexinFintech from an “outperform” rating to a “sell” rating and set a price target of $2.10 for the company. in a research note from Wednesday, June 1. Citigroup downgraded shares of LexinFintech from a “buy” rating to a “neutral” rating in a Tuesday, May 31 research report. One equity research analyst gave the stock a sell rating, three gave the company a hold rating and one gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.30.

Shares of NASDAQ LX traded at $0.10 during midday trading on Tuesday, reaching $1.91. The company had a trading volume of 62,655 shares, compared to an average volume of 1,953,802. The stock has a fifty-day moving average of $2.37 and a two-hundred-day moving average of $3.08. The company has a debt ratio of 0.45, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $351.19 million, a price-earnings ratio of 1.44 and a beta of 0.74. LexinFintech has a 12-month low of $1.67 and a 12-month high of $13.62.

Lexin Fintech (NASDAQ:LXGet a rating) last released its quarterly results on Monday, May 30. The company reported earnings per share (EPS) of $3.72 for the quarter, beating analyst consensus estimates of $2.92 by $0.80. LexinFintech had a net margin of 16.71% and a return on equity of 23.17%. During the same period last year, the company earned earnings per share of $0.53. Sell-side analysts expect LexinFintech to post earnings per share of 1.65 for the current fiscal year.

A number of large investors have recently increased or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in LexinFintech by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,129,620 shares of the company worth $10,819,000 after purchasing an additional 33,992 shares in the last quarter. FMR LLC increased its stake in LexinFintech by 0.6% in the first quarter. FMR LLC now owns 3,805,887 shares of the company worth $39,961,000 after purchasing an additional 23,831 shares in the last quarter. BlackRock Inc. increased its stake in LexinFintech by 0.3% in the first quarter. BlackRock Inc. now owns 2,460,483 shares of the company worth $6,446,000 after purchasing an additional 8,439 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in LexinFintech by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,842,159 shares of the company valued at $4,840,000 after purchasing an additional 47,563 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in LexinFintech by 99.8% during the fourth quarter. Marshall Wace LLP now owns 1,559,884 shares of the company valued at $6,022,000 after purchasing an additional 779,220 shares in the last quarter. Hedge funds and other institutional investors hold 31.56% of the company’s shares.

About Lexin Fintech (Get a 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 finance platform that offers installment loans, personal installment loans and other loan products, as well as online direct sales with installment payment terms. ; and Le Card, a membership platform, which offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure industries.

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