LexinFintech Holdings Ltd – (NASDAQ:LX) Short Interest Down 41.1% in March

LexinFintech Holdings Ltd – (NASDAQ:LX) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 447,769 shares, a drop of 41.1% from the February 28th total of 759,903 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 795,725 shares, the short-interest ratio is presently 0.6 days.

NASDAQ LX remained flat at $$13.45 during trading on Wednesday. 1,828,614 shares of the company’s stock were exchanged, compared to its average volume of 778,782. LexinFintech has a 1 year low of $6.48 and a 1 year high of $18.34. The firm has a market capitalization of $2.36 billion, a PE ratio of 8.41 and a beta of 2.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.32.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings results on Thursday, March 14th. The company reported $4.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $3.79. LexinFintech had a net margin of 22.39% and a return on equity of 58.62%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.11 billion. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, analysts expect that LexinFintech will post 1.64 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Highbridge Capital Management LLC acquired a new position in LexinFintech during the 3rd quarter valued at about $854,000. GSA Capital Partners LLP bought a new stake in shares of LexinFintech in the 3rd quarter valued at about $746,000. Penserra Capital Management LLC increased its stake in shares of LexinFintech by 8.8% in the 4th quarter. Penserra Capital Management LLC now owns 190,002 shares of the company’s stock valued at $1,376,000 after acquiring an additional 15,329 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of LexinFintech in the 3rd quarter valued at about $941,000. Finally, Discovery Value Fund bought a new stake in shares of LexinFintech in the 4th quarter valued at about $8,494,000. Institutional investors and hedge funds own 8.78% of the company’s stock.

Several brokerages recently weighed in on LX. ValuEngine downgraded shares of LexinFintech from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Zacks Investment Research raised shares of LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. LexinFintech has a consensus rating of “Buy” and a consensus target price of $14.50.

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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, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.

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