LexinFintech (NASDAQ:LX) released its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $244.95 million during the quarter.

LX stock traded down $0.26 during trading on Wednesday, hitting $15.72. The company’s stock had a trading volume of 416,340 shares, compared to its average volume of 496,568. LexinFintech has a twelve month low of $10.15 and a twelve month high of $20.00. The company has a debt-to-equity ratio of -0.29, a current ratio of 0.90 and a quick ratio of 0.89.

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A number of research analysts have recently commented on the company. Deutsche Bank began coverage on LexinFintech in a research report on Tuesday, January 16th. They set a “buy” rating and a $21.00 price objective for the company. Goldman Sachs began coverage on LexinFintech in a research report on Sunday, January 14th. They set a “buy” rating and a $21.80 price objective for the company.

Several institutional investors and hedge funds have recently modified their holdings of LX. Monashee Investment Management LLC purchased a new position in LexinFintech during the fourth quarter valued at $413,000. Tiger Pacific Capital LP purchased a new position in LexinFintech during the fourth quarter valued at $2,964,000. Franklin Resources Inc. purchased a new position in LexinFintech during the fourth quarter valued at $2,780,000. Finally, Millennium Management LLC purchased a new position in shares of LexinFintech in the fourth quarter valued at about $782,000. 6.43% of the stock is owned by institutional investors.

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LexinFintech Company Profile

LexinFintech Holdings Ltd. is a holding company. The Company is primarily engaged in providing online direct sales services and online consumer finance services. The Company’s online consumer finance platform, Fenqile, offers customers personal installment loans, installment purchase loans and other loan products.

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