Streetbeat News

LexinFintech Holdings Ltd.

https://www.lexin.com

Industry

Financial - Credit Services

LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. It also provides technology-driven platform services to increase revenues, manage financial risks, enhance operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya application, a location-based services shopping experience with buy-now and pay-later options; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee, and financial technology services. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was incorporated in 2013 and is headquartered in Shenzhen, the People's Republic of China.

Open

3.20

Mkt cap

566M

Volume

921K

High

3.24

P/E Ratio

4.74

52-wk high

4.70

Low

3.10

Div yield

0.01

52-wk low

1.56

Shares of JD.com and other US-listed Chinese stocks rose in pre-market trading due to recent stimulus measures and China National Day celebrations. JD.com shares increased by 10.6%. Other notable gainers include Agora, MMTec, and Fangdd Network Group. Meanwhile, AgEagle Aerial Systems and Akoustis Technologies were among the pre-market losers.

Portfolio Pulse from Avi Kapoor

October 02, 2024 | 10:59 am

Prime Medicine's stock surged 39.6% after announcing a collaboration with Bristol Myers Squibb. Other notable gainers include Uxin Limited, UP Fintech, Capricor Therapeutics, and several US-listed Chinese companies like NIO and Li Auto, driven by positive sentiment from Chinese economic data.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 2:58 pm

US-listed Chinese companies' shares are rising due to strong stimulus efforts and better-than-expected September PMI data, despite a decline in factory activity.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:59 am

LexinFintech Holdings reported a decrease in Q2 EPS to $0.21 from $0.28 YoY, despite a sales increase to $500.98M from $421.42M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:07 am

LexinFintech Holdings (NASDAQ:LX) reported Q1 earnings per share (EPS) of $0.19, a 34.48% decrease from $0.29 YoY. Sales increased by 3.38% to $449.00 million from $434.34 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 6:40 am

Lufax Holding Ltd. (NYSE:LU) announced a special dividend of $2.42 per ADS, which is about half of its closing price of $4.48, following a significant reduction in its loan portfolio as part of a de-risking strategy. Despite this, investor enthusiasm remains low due to skepticism towards Chinese online lenders and concerns over China's economic slowdown. Lufax's shift towards higher quality borrowers and consumer lending, along with a reduction in geographical reach and operational costs, has not yet convinced investors of its long-term prospects.

Portfolio Pulse from The Bamboo Works

March 25, 2024 | 1:54 pm

FactSet Research Systems Inc. (FDS) shares fell by 5.2% after reporting lower-than-expected Q2 revenue and FY24 guidance. Other stocks showed significant movement, with notable gainers including Yield10 Bioscience, Inc. (YTEN) and losers like Movella Holdings Inc. (MVLA).

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 6:39 pm

Micron Technology, Inc. (NASDAQ:MU) shares surged by 17.1% in pre-market trading after reporting Q2 results that exceeded expectations and providing strong Q3 guidance. Other stocks also showed significant movement in pre-market trading, with notable gainers including Kaival Brands Innovations Group, Inc. and CuriosityStream Inc., and losers such as Movella Holdings Inc. and Abits Group Inc.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:05 pm

LexinFintech Holdings' shares dropped following a report of a year-over-year decline in Q4 adjusted EPADS results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:04 pm

Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company anticipates Q1 earnings between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Shares fell 12.9% in pre-market trading. Other stocks like LexinFintech Holdings Ltd. (NASDAQ:LX), Li Auto Inc. (NASDAQ:LI), TeraWulf Inc. (NASDAQ:WULF), Cheche Group Inc. (NASDAQ:CCG), Tourmaline Bio, Inc. (NASDAQ:TRML), and Sasol Limited (NYSE:SSL) also recorded losses in pre-market trading following their respective updates.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:15 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.