Numeric Investors LLC has recently announced that it has increased stake in LexinFintech Holdings Ltd. (NASDAQ:LX) by 19.97%. After grabbing 5.71 million shares, the institutional investor is now in possession of 0.95 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.17% having worth around $7.77 million. Moreover, The Vanguard Group, Inc. increased its share by 0.25 million to have a control over 3.73 million shares. And FIL Investment Advisors raised its holdings to 0.69 million shares by acquiring 2.79 million shares or 2.03% of the stake.
LexinFintech Holdings Ltd. (LX) concluded trading on 11/17/22 at a closing price of $1.84, with 3.08 million shares of worth about $5.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.97% during that period and on Thursday the price saw a gain of about 17.20%. Currently the company’s common shares owned by public are about 178.89M shares, out of which, 38.98M shares are available for trading.
Fidelity China Special Situations, Vanguard Emerging Markets Stock I, and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in LexinFintech Holdings Ltd. Fidelity China Special Situations is currently holding 2.1 million shares of worth totaling $2.85 million. The company recently came buying 0.0 shares which brought its stake up to 1.53% of the company’s outstanding shares. Vanguard Total International Stoc, after buying 1.71 million shares, have now control over 1.25% of the stake in the company. It holds 0.0 shares of worth $2.33 million.
LexinFintech Holdings Ltd. (NASDAQ: LX) started trading at $1.70, above $0.13 from concluding price of the previous day. However, the stock later moved at a day high price of 1.9900, or with a gain of 17.20%. Stock saw a price change of 31.43% in past 5 days and over the past one month there was a price change of 17.20%. Year-to-date (YTD), LX shares are showing a performance of -52.33% which decreased to -68.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.26 but also hit the highest price of $6.18 during that period. The average intraday trading volume for LexinFintech Holdings Ltd. shares is 720.81K. The stock is currently trading 26.16% above its 20-day simple moving average (SMA20), while that difference is up 12.33% for SMA50 and it goes to -19.23% lower than SMA200.
Numeric Investors LLC acquired 5.71 million shares of LexinFintech Holdings Ltd. having value of about $7.77 million. Data submitted at the U.S SEC by Numeric Investors LLC revealed that the firm now holds 0.95 million shares in the company valued at close to $1750476.64, or have control over 19.97% stake in the company. LexinFintech Holdings Ltd. (NASDAQ: LX) currently have 178.89M outstanding shares and institutions hold larger chunk of about 23.60% of that. Holding of mutual funds in the company is about 12.51% while other institutional holders and individual stake holders have control over 12.77% and — of the stake respectively.
The stock has a current market capitalization of $311.59M and its 3Y-monthly beta is at 0.44. PE ratio of stock for trailing 12 months is 2.50, while it has posted earnings per share of $0.73 in the same period. Its PEG reads 1.06 and has Quick Ratio of 1.80 while making debt-to-equity ratio of 1.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LX, volatility over the week remained 12.34% while standing at 8.41% over the month.
Analysts are in expectations that LexinFintech Holdings Ltd. (LX) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $1.12 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.64 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 288.70% while it is estimated to increase by 86.40% in next year. EPS is likely to shrink at an annualized rate of 2.36% for next 5-years, compared to annual growth of 59.30% made by the stock over the past 5-years.
Coverage by UBS stated LexinFintech Holdings Ltd. (LX) stock as a Neutral in their note to investors on December 20, 2021, suggesting a price target of $4.30 for the stock. On June 15, 2021, Morgan Stanley Upgrade their recommendations, while on July 16, 2020, CLSA Initiated their ratings for the stock with a price target of $13. Stock get a Buy rating from China Renaissance on June 16, 2020.