Lexin Fintech Holdings Ltd. (NASDAQ: LX) received an average “buy” recommendation from the six analysts who currently cover the company, Marketbeat reports. Three equity research analysts gave the stock a hold rating and three gave the company a buy rating. The 12-month average price target among analysts who have reported on the stock in the past year is $10.44.

LX has been the subject of a number of research reports. Zacks Investment Research upgraded LexinFintech from a “strong sell” rating to a “hold” rating in a research note on Wednesday. UBS Group downgraded LexinFintech from a “buy” rating to a “neutral” rating and set a price target of $4.30 for the company. in a research report on Monday, December 20.

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in LexinFintech by 7.2% during Q2. Vanguard Group Inc. now owns 3,925,985 shares of the company worth $48,094,000 after purchasing an additional 264,429 shares during the period. FMR LLC increased its position in LexinFintech shares 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 during the period. FIL Ltd increased its position in shares of LexinFintech by 2.9% in the third quarter. FIL Ltd now owns 3,067,707 shares of the company worth $18,069,000 after purchasing an additional 85,264 shares during the period. BlackRock Inc. increased its position in LexinFintech shares by 6.6% in the third quarter. BlackRock Inc. now owns 2,287,376 shares of the company worth $13,473,000 after purchasing an additional 141,690 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in LexinFintech shares by 8.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,710,709 shares of the company worth $10,067,000 after purchasing an additional 132,521 shares during the period. Hedge funds and other institutional investors own 24.22% of the company’s shares.

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LexinFintech stock traded down $0.13 during trading hours on Friday, hitting $3.49. 1,626,406 shares of the company were traded, against an average volume of 1,808,672. LexinFintech has a 1-year low of $3.35 and a 1-year high of $15.42. The company has a quick ratio of 1.62, a current ratio of 1.63 and a debt ratio of 0.34. The company’s 50-day simple moving average is $4.29 and its two-hundred-day simple moving average is $6.20. The company has a market capitalization of $635.32 million, a P/E ratio of 1.79 and a beta of 0.84.

LexinFintech (NASDAQ:LX) last reported its quarterly results on Wednesday, November 10. The company reported EPS of $0.44 for the quarter, beating consensus analyst estimates of $0.30 by $0.14. The company had revenue of $460.75 million in the quarter. LexinFintech had a return on equity of 38.73% and a net margin of 21.19%. On average, stock research analysts expect LexinFintech to post 2.1 earnings per share for the current year.

About Lexin Fintech

Lexinfintech Holdings Ltd. engages in the provision of online consumer credit platforms. Through its subsidiaries, it offers online direct sales with installment payment terms; installment purchase loans; and personal installment loans. Its services are offered through its online consumer credit platform, www.fenqile.com; and mobile app.

Feature article: Neutral assessment

Analyst Recommendations for LexinFintech (NASDAQ:LX)

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