LexinFintech Holdings (NASDAQ:LX) reported quarterly earnings of $0.19 per share. This is a 34.48 percent decrease over earnings of $0.29 per share from the same period last year. The company reported $449.00 million in sales this quarter. This is a 3.38 percent increase over sales of $434.34 million the same period last year.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/24/2023 | Buy → Neutral | Citigroup | |
| 3/16/2023 | $3.45 | Outperform → Buy | CLSA |
| 3/14/2023 | $2.31 → $3.60 | Neutral → Buy | Citigroup |
| 2/1/2023 | Neutral → Buy | UBS | |
| 5/31/2022 | Buy → Neutral | Citigroup | |
| 12/20/2021 | $4.30 | Buy → Neutral | UBS |
SHENZHEN, China, Aug. 27, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended June 30, 2024. "We harvested a healthy set of operational and financial results with improved risk performance for new loans, uplifted net profit from the first quarter of 2024, and controlled loan origination in the second quarter of 2024," said Jay Wenjie Xiao, Chairman and CEO of Lexin. "Total loan origination for the second quarter reached RMB 51.1 billion, a 12% decline quarter-over-quarter. Nevertheless, both total operat
SHENZHEN, China, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading credit technology-empowered consumer financial service enabler in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, after the U.S. market closes on Tuesday, August 27, 2024. The Company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on August 27, 2024 (10:00 AM Beijing/Hong Kong time on August 28, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI3c6bd663baef41b58321967fdd88a0d6 Once regis
SHENZHEN, China, May 23, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2024. "In the first quarter of 2024, Lexin reported total loan origination of RMB58.0 billion, a decrease of 4.8% year-over-year, reflecting a strategy of controlled growth. The outstanding loan balance grew by 13.5% to RMB122 billion on a year-over-year basis". Jay Wenjie Xiao, Chairman and CEO of Lexin, stated, "During this period, we maintained a conservative outlook on the macroeconomic environment and adhered firmly
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6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
SHENZHEN, China, Aug. 27, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended June 30, 2024. "We harvested a healthy set of operational and financial results with improved risk performance for new loans, uplifted net profit from the first quarter of 2024, and controlled loan origination in the second quarter of 2024," said Jay Wenjie Xiao, Chairman and CEO of Lexin. "Total loan origination for the second quarter reached RMB 51.1 billion, a 12% decline quarter-over-quarter. Nevertheless, both total operat
SHENZHEN, China, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading credit technology-empowered consumer financial service enabler in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, after the U.S. market closes on Tuesday, August 27, 2024. The Company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on August 27, 2024 (10:00 AM Beijing/Hong Kong time on August 28, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI3c6bd663baef41b58321967fdd88a0d6 Once regis
SHENZHEN, China, May 23, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2024. "In the first quarter of 2024, Lexin reported total loan origination of RMB58.0 billion, a decrease of 4.8% year-over-year, reflecting a strategy of controlled growth. The outstanding loan balance grew by 13.5% to RMB122 billion on a year-over-year basis". Jay Wenjie Xiao, Chairman and CEO of Lexin, stated, "During this period, we maintained a conservative outlook on the macroeconomic environment and adhered firmly
SC 13D/A - LexinFintech Holdings Ltd. (0001708259) (Subject)
SC 13D/A - LexinFintech Holdings Ltd. (0001708259) (Subject)
SC 13D/A - LexinFintech Holdings Ltd. (0001708259) (Subject)
Citigroup downgraded LexinFintech from Buy to Neutral
CLSA upgraded LexinFintech from Outperform to Buy and set a new price target of $3.45
Citigroup upgraded LexinFintech from Neutral to Buy and set a new price target of $3.60 from $2.31 previously
SHENZHEN, China, Dec. 04, 2023 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced that its board of directors has appointed Mr. Zhanwen Qiao as the Company's Chief Risk Officer, effective on 4th Dec, 2023. Mr. Zhanwen Qiao has over a decade of experience as a senior leader in risk management space at a top-tier consumer finance company in China. Prior to joining Lexin, Mr. Qiao served as a senior director at Ant Group and deputy general manager of Chongqing Ant Consumer Finance, where he joined in April 2012, responsible for risk management for Chongqing Ant Cons
BEIJING, May 6, 2022 /PRNewswire/ -- Autohome Inc. (NYSE:ATHM, HKEX: 2518))) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced the appointment of Mr. Craig Yan Zeng as its Chief Financial Officer, effective immediately. Mr. Craig Yan Zeng has over 20 years of experience in capital market and has held senior management positions in many companies. He has been a director of LexinFintech (NASDAQ:LX) since December 2017 and served as the chief financial officer of LexinFintech from November 2016 to June 2021. Prior to joining LexinFintech, Mr. Zeng served as the chief financial officer of YeePay, an e-payment service provider in Chin
SHENZHEN, China, July 16, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumption and finance platform for new generation consumers and users in China, today announced the appointment of Mr. Jayden Yang Qiao as the Company's chief risk officer, effective July 15, 2021. Mr. Qiao joined Lexin earlier this year as the Company's vice president, responsible for Lexin's risk management. Since joining Lexin, Mr. Qiao has built out a high-quality credit risk control team and enhanced Lexin's credit control system, further driving the continued improvement in the Company's credit quality. As reported in the Company's financial result
LexinFintech Holdings (NASDAQ:LX) reported quarterly earnings of $0.19 per share. This is a 34.48 percent decrease over earnings of $0.29 per share from the same period last year. The company reported $449.00 million in sales this quarter. This is a 3.38 percent increase over sales of $434.34 million the same period last year.
Key Takeaways: Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48 The company slashed the size of its loan portfolio by 45% last year, and expects to reduce it by another 32% this year as it focuses on higher quality borrowers By Doug Young Online lender Lufax Holding Ltd. (NYSE:LU) just keeps getting smaller. First, the company underwent a radical transformation that saw its lending portfolio shrink by about nearly half in 2023, as it focused on higher-quality borrowers in a broader “de-risking” process. Now, Lufax’s cash pile is about to undergo a similar downsizing with its announcement of a massive special dividend
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