Lexin Fintech Holdings Ltd. (NASDAQ:LX – Get Rating) benefited from a significant drop in short-term interest rates in April. As of April 15, there was short interest totaling 1,870,000 shares, down 27.0% from the March 31 total of 2,560,000 shares. Based on an average trading volume of 2,170,000 shares, the short-term interest rate ratio is currently 0.9 days.
Hedge funds have recently changed their stock holdings. BNP Paribas Arbitrage SA bought a new position in LexinFintech in Q4 worth around $25,000. Quadrant Capital Group LLC increased its holdings in LexinFintech by 17,909.3% in Q4. Quadrant Capital Group LLC now owns 7,744 shares of the company worth $30,000 after purchasing an additional 7,701 shares in the last quarter. NTB Financial Corp acquired a new stock position in LexinFintech during Q4 worth $44,000. Davy Global Fund Management Ltd bought a new stake in shares of LexinFintech in Q4 worth $50,000. Finally, Toroso Investments LLC acquired a new equity stake in LexinFintech in the fourth quarter worth $61,000. 31.56% of the shares are held by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded LexinFintech from a “hold” rating to a “strong sell” rating in a Tuesday, April 12 research note. One equity research analyst gave the stock a sell rating, two issued a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.16.
Shares of NASDAQ:LX traded at $0.08 during Monday’s trading, hitting $2.64. 33,159 shares of the company were traded, with an average volume of 2,060,685. The stock has a market capitalization of $480.59 million, a price-earnings ratio of 1.52 and a beta of 0.78. . The company’s 50-day moving average is $2.85 and its 200-day moving average is $3.80. LexinFintech has a 1-year low of $1.90 and a 1-year high of $13.62. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt ratio of 0.32.
LexinFintech (NASDAQ:LX – Get Rating) last released its results on Tuesday, March 15. The company reported EPS of $1.52 for the quarter, missing Thomson Reuters consensus estimate of $1.85 per ($0.33). LexinFintech had a net margin of 20.47% and a return on equity of 32.63%. During the same period of the previous year, the company achieved EPS of $0.39. On average, analysts expect LexinFintech to post 1.65 EPS for the current year.
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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