LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumption and consumer finance platform for young professionals in the People's Republic of China. The company operates Fenqile.com, a consumption and consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms; and Le Card, a membership platform, which offers savings, benefits, and membership privileges to food and beverage, apparel, hospitality, and leisure sectors. It also matches user loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, third-party commercial banks, consumer finance companies, institutional funding partners, investors of its asset-backed securities, and other licensed financial institutions. In addition, the company offers technical support and consulting services; Software development services; 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.
IPO Year: 2017
Exchange: NASDAQ
Website: lexin.com
| 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, Nov. 18, 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 third quarter ended September 30, 2024, after the U.S. market closes on Monday, November 25, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern time on November 25, 2024 (10:00 AM Beijing/Hong Kong time on November 26, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI220a892f574848f0b2997fb493e6296f
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
SHENZHEN, China, May 17, 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 first quarter ended March 31, 2024, after the U.S. market closes on Thursday, May 23, 2024. The Company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on May 23, 2024 (10:00 AM Beijing/Hong Kong time on May 24, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI09081023042542878c42e37191800a96 Once re
SHENZHEN, China, March 20, 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 and fiscal year ended December 31, 2023. "Total loan origination for the fourth quarter reached RMB61.2 billion, with the full year figure for 2023 hitting RMB250 billion — aligning with the midpoint of the year's guidance and representing a 21.9% growth compared to the previous year. The outstanding loan balance climbed to RMB124 billion, marking a 24.5% year-over-year increase," said Jay Wenjie Xiao, chairman and C
SHENZHEN, China, March 07, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023, after the U.S. market closes on Wednesday, March 20, 2024. The Company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on March 20, 2024 (10:00 AM Beijing/Hong Kong time on March 21, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BIb8c0d6de499a4b8994868f39fd1617fa
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
SHENZHEN, China, Nov. 22, 2023 (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 September 30, 2023. "Lexin reported total loan originations of RMB63.3 billion for the third quarter of 2023, achieving a year-over-year increase of 12.7%. Cumulatively, our growth for the first three quarters stands at 26.7%. The outstanding loan balance reached RMB121 billion, reflecting an increase of 27.7% compared to last year," said Jay Wenjie Xiao, Chairman and CEO of Lexin. "The consistent delivery of strong quarterly r
SHENZHEN, China, Nov. 13, 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 it will report its unaudited financial results for the third quarter ended September 30, 2023, after the U.S. market closes on Wednesday, November 22, 2023. The Company's management will host an earnings conference call at 09:00 PM U.S. Eastern time on November 22, 2023 (10:00 AM Beijing/Hong Kong time on November 23, 2023). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI2c6fa8eac52f4506a481efaf8b7d10f7 Once
144 - LexinFintech Holdings Ltd. (0001708259) (Subject)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
20-F - LexinFintech Holdings Ltd. (0001708259) (Filer)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
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6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
6-K - LexinFintech Holdings Ltd. (0001708259) (Filer)
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
UBS upgraded LexinFintech from Neutral to Buy
Citigroup downgraded LexinFintech from Buy to Neutral
UBS downgraded LexinFintech from Buy to Neutral and set a new price target of $4.30
Morgan Stanley upgraded LexinFintech from Equal-Weight to Overweight and set a new price target of $18.00 from $15.30 previously
CICC initiated coverage of LexinFintech Holdings with a rating of Outperform and set a new price target of $12.80
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SHENZHEN, China, Nov. 18, 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 third quarter ended September 30, 2024, after the U.S. market closes on Monday, November 25, 2024. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern time on November 25, 2024 (10:00 AM Beijing/Hong Kong time on November 26, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI220a892f574848f0b2997fb493e6296f
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
SHENZHEN, China, May 17, 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 first quarter ended March 31, 2024, after the U.S. market closes on Thursday, May 23, 2024. The Company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on May 23, 2024 (10:00 AM Beijing/Hong Kong time on May 24, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI09081023042542878c42e37191800a96 Once re
SHENZHEN, China, March 20, 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 and fiscal year ended December 31, 2023. "Total loan origination for the fourth quarter reached RMB61.2 billion, with the full year figure for 2023 hitting RMB250 billion — aligning with the midpoint of the year's guidance and representing a 21.9% growth compared to the previous year. The outstanding loan balance climbed to RMB124 billion, marking a 24.5% year-over-year increase," said Jay Wenjie Xiao, chairman and C
SHENZHEN, China, March 07, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading technology-empowered personal financial service enabler in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023, after the U.S. market closes on Wednesday, March 20, 2024. The Company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on March 20, 2024 (10:00 AM Beijing/Hong Kong time on March 21, 2024). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BIb8c0d6de499a4b8994868f39fd1617fa
SHENZHEN, China, Nov. 22, 2023 (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 September 30, 2023. "Lexin reported total loan originations of RMB63.3 billion for the third quarter of 2023, achieving a year-over-year increase of 12.7%. Cumulatively, our growth for the first three quarters stands at 26.7%. The outstanding loan balance reached RMB121 billion, reflecting an increase of 27.7% compared to last year," said Jay Wenjie Xiao, Chairman and CEO of Lexin. "The consistent delivery of strong quarterly r
SHENZHEN, China, Nov. 13, 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 it will report its unaudited financial results for the third quarter ended September 30, 2023, after the U.S. market closes on Wednesday, November 22, 2023. The Company's management will host an earnings conference call at 09:00 PM U.S. Eastern time on November 22, 2023 (10:00 AM Beijing/Hong Kong time on November 23, 2023). Participants who wish to join the conference call should register online at:https://register.vevent.com/register/BI2c6fa8eac52f4506a481efaf8b7d10f7 Once
SHENZHEN, China, Aug. 29, 2023 (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, 2023. "Total loan origination for the second quarter of 2023 reached RMB63.9 billion, beating the high end of our guidance which is RMB63.5 billion, representing a year-over-year growth of 30.1%. Total outstanding loan balance reached RMB114 billion with an increase of 31.8% year-over-year," said Jay Wenjie Xiao, chairman and chief executive officer of Lexin. "In this increasingly uncertain world, we continued to
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
SHANGHAI, China, July 12, 2021 (GLOBE NEWSWIRE) -- NIO Inc. ("NIO" or the "Company") (NYSE:NIO), a pioneer and a leading manufacturer of premium smart electric vehicles in China, today announced that Ms. Yu Long has been appointed as a new independent director to the Company's board of directors (the "Board"), effective July 12, 2021. Ms. Long will also serve as a member and the chairperson of the nominating and corporate governance committee of the Board while Mr. William Bin Li, the Company's founder, chairman of the Board and chief executive officer, will resign from the nominating and corporate governance committee of the Board, effective immediately. "We are delighted to welcome Ms.
SHENZHEN, China, May 26, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumption and consumer finance platform for new generation consumers in China, today announced that Mr. Craig Yan Zeng has tendered in his resignation as the Chief Financial Officer ("CFO"), effective on June 7, 2021. Mr. Kris Qiao Qian, Lexin's Chief Financing Cooperation Officer, has been appointed as the acting CFO. Mr. Zeng's resignation from his position was due to personal reasons, and he will remain as a director of the board of directors of the Company (the "Board") and also serve as a senior consultant to the company following his resignation.
SHENZHEN, China, Feb. 02, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumption and consumer finance platform for new generation consumers in China, today announced that it has appointed Mr. Erwin Yong Lu as the Company's chief technology officer, effective February 1, 2021. Mr. Lu has over 20 years of experience in the technology sector and has held various senior positions. Prior to joining us, Mr. Lu served as the chief information officer of Ping An Life Insurance. Prior to that, he served as the chief technology officer and vice president for SINA mobile, a leading online media company in China. From 2016 to 2017, he
SHENZHEN, China, Dec. 07, 2020 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online consumption and consumer finance platform for new generation consumers in China, today announced the appointment of Mr. Kris Qian Qiao to Lexin’s board of directors, the resignation of Mr. Keyi Chen from his post as a director of the Company for personal reasons, and the resignation of Mr. Xiaoguang Wu from his post as a member of the compensation committee of the board for personal reasons. Mr. Wu will continue to serve as a director of the Company and as the chairperson of its nominating and corporate governance committee. Mr. Kris Qian Qiao is one of t
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
Shares of FactSet Research Systems Inc. (NYSE:FDS) fell sharply during Thursday’s session after the company reported worse-than-expected second-quarter revenue and issued FY24 guidance. FactSet Research posted adjusted earnings of $4.22 per share, beating market estimates of $3.88 per share. The company’s quarterly sales came in at $545.95 million, missing expectations of $546.80 million, according to data from Benzinga Pro. FactSet Research shares dipped 5.2% to $462.36 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Yield10 Bioscience, Inc. (NASDAQ:YTEN) shares jumped 136.7% to $0.5751 after the company announced that the USDA-APHIS Biotechnology
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U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Thursday. Shares of Five Below, Inc. (NASDAQ:FIVE) fell sharply in today’s pre-market trading after the company reported fourth-quarter financial results. Five Below reported quarterly earnings of $3.65 per share, up from $3.07 per share from the same period last year. Quarterly revenue clocked in at $1.34 billion, up from $1.12 billion year-over-year, according to data from Benzinga Pro. Five Below sees first-quarter earnings of between 58 cents and 69 cents per share and revenue in the range of $826 million to $846 million, based on opening approximately 55 to 60 new stores and assuming an
LexinFintech Holdings (NASDAQ:LX) reported quarterly adjusted earnings of $0.23 per share. This is a 23.33 percent decrease over earnings of $0.30 per share from the same period last year. The company reported $494.29 million in sales this quarter. This is a 11.77 percent increase over sales of $442.25 million the same period last year.
Companies Reporting Before The Bell • UP Fintech Holding (NASDAQ:TIGR) is expected to report quarterly earnings at $0.07 per share on revenue of $207.00 million. • Fanhua (NASDAQ:FANH) is estimated to report earnings for its fourth quarter. • Mogo (NASDAQ:MOGO) is likely to report quarterly loss at $0.09 per share on revenue of $12.14 million. • Ollie's Bargain Outlet (NASDAQ:OLLI) is projected to report quarterly earnings at $1.15 per share on revenue of $641.29 million. • Sportradar Gr (NASDAQ:SRAD) is estimated to report quarterly earnings at $0.04 per share on revenue of $271.46 million. • Boyd Gaming (NYSE:BYD) is estimated to report quarterly earnings at $1.49 per share on revenu
Key Takeaways: Yixin will sell its 49% stake in a 2-year-old joint venture to partner Qingdao Caitong, which wants to expand into areas beyond the venture’s original auto leasing services Yixin’s auto financing business is growing despite an unsteady Chinese car market, fueled by booming demand for electric vehicles By Warren Yang Reckless expansions into areas outside your core business may sometimes yield quick profits, but many times also end in disappointment. Online auto loan facilitator Yixin Group Ltd. (2858.HK) appears well aware of the perils of such missteps with its latest decision to pull out of a young joint venture that was getting steered away from its original business
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