Within its last year performance, LX fell by -4.96%, with highs and lows ranging from $3.99 to $1.26, whereas the simple moving average jumped by 68.64% in the last 200 days.
On May 31, 2022, Citigroup Downgraded LexinFintech Holdings Ltd. (NASDAQ: LX) to Neutral. A report published by UBS on December 20, 2021, Downgraded its rating to ‘Neutral’ for LX. Morgan Stanley also Upgraded LX shares as ‘Overweight’, setting a target price of $18 on the company’s shares in a report dated June 15, 2021. CLSA Initiated an Outperform rating on July 16, 2020, and assigned a price target of $13. China Renaissance June 16, 2020d its ‘Hold’ rating to ‘Buy’ for LX, as published in its report on June 16, 2020. China Renaissance also rated the stock as ‘Hold’.
Analysis of LexinFintech Holdings Ltd. (LX)
Further, the quarter-over-quarter decrease in sales is -9.40%, showing a negative trend in the upcoming months.
LexinFintech Holdings Ltd.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 9.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and LX is registering an average volume of 871.84K. On a monthly basis, the volatility of the stock is set at 8.69%, whereas on a weekly basis, it is put at 8.05%, with a gain of 3.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.54, showing decline from the present price of $3.45, which can serve as yet another indication of whether LX is worth investing in or should be passed over.
How Do You Analyze LexinFintech Holdings Ltd. Shares?
A giant in the Credit Services market, LexinFintech Holdings Ltd. (LX) is based in the China. When comparing LexinFintech Holdings Ltd. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.96, there is a growth in quarterly earnings of -48.50%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 21.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in LX shares?
The recent increase in stakes in LX appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in LX has increased by 8.54% in the first quarter. The company now owns 4,053,502 shares of the stock, with a value of $7.7 million, following the purchase of 318,874 additional shares during the last quarter. FIL Investment Advisors made another increased to its shares in LX during the first quarter, upping its stake by 33.01%. During the last quarter, the company picked up 692,210 additional shares for a total stake of worth $5.3 million, bringing number of shares owned by the company to 2,789,421.
During the first quarter, Dimensional Fund Advisors LP added a 101,714 position in LX. BlackRock Fund Advisors purchased an additional 3202.0 shares in the last quarter, increasing its holdings by 0.15%, now holding 2.14 million shares worth $4.07 million. At the end of the first quarter, FIL Investment Management increased its LX holdings by 73.54% and now holds 1.68 million LX shares valued at $3.2 million with the added 0.71 million shares during the period. LX shares are owned by institutional investors to the tune of 21.80% at present.