Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
ChinaIPO:
21 December 2017Website:
http://www.lexin.comNext earnings report:
22 November 2024Last dividends:
16 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:55:21 GMTAnalysts recommendations
Institutional Ownership
LX Latest News
LexinFintech (LX, Financial), a leading Chinese digital consumption technology service provider, is contemplating raising its dividend payout ratio from the current 20% to 25% next year. This consideration was revealed during a recent internal meeting organized by China International Capital Corporation, which was attended by numerous institutional and high-net-worth investors.
LexinFintech Holdings Ltd. shows strong user base and cumulative borrower growth, driven by AI, proprietary software, and financial institution partnerships. LX's focus on young Chinese consumers and strategic equity investments in fintech and insurance sectors are expected to drive future FCF growth. Financial improvements include reduced debt, increased equity, and substantial cash reserves, indicating robust operational performance and potential stock price appreciation.
LexinFintech Holdings Ltd.'s Q2 2024 loan origination was a 5%-7% miss as compared to prior management guidance, and the company's Q3 prospects are unfavorable with expectations of flattish loan origination growth. Despite near-term challenges, LexinFintech Holdings' long-term outlook is positive, with growing contributions from asset-light businesses and international operations. LexinFintech stock is still rated as a Hold, as the company's shares are cheap in the absence of short-term catalysts.
LexinFintech Holdings Ltd. (NASDAQ:LX ) Q2 2024 Earnings Conference Call August 27, 2024 10:00 PM ET Company Participants Mandy Dong - Head, Investor Relations Jay Xiao - Chief Executive Officer Arvin Qiao - Chief Risk Officer James Zheng - Chief Financial Officer Conference Call Participants Yada Li - CICC Zoe Zou - CLSA Alex Ye - UBS Operator Good day, and thank you for standing by.
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.
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.
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.
LexinFintech Holdings Ltd. (NASDAQ:LX ) Q3 2023 Results Conference Call November 22, 2023 9:00 PM ET Company Participants Mandy Dong - Director of Investor Relations Jay Xiao - Chief Executive Officer Jared Wu - President James Zheng - Chief Financial Officer Conference Call Participants Alex Ye - UBS Yada Li - CICC Betty Li - CLSA Operator Good day and thank you for standing by.
LexinFintech Holdings Ltd. (NASDAQ:LX ) Q2 2023 Earnings Conference Call August 29, 2023 10:00 PM ET Company Participants Mandy Dong - Director of Investor Relations Jay Xiao - Chief Executive Officer Jared Wu - President James Zheng - Chief Financial Officer Conference Call Participants Frank Zheng - Credit Suisse Alex Ye - UBS Yada Li - CICC Operator Hello, and welcome to the LexinFintech's Second Quarter 2023 Earnings Conference Call.
SHENZHEN, China, Aug. 23, 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 second quarter ended June 30, 2023, after the U.S. market closes on Tuesday, August 29, 2023.
What type of business is LexinFintech Holdings?
LexinFintech Holdings Ltd. is an online platform for consumer financing. The group mainly engages in direct sales services through the Internet and consumer financing services through the Internet for its clients in China. The company offers online direct sales with installment payment options and provides installment purchase loans and installment loans mainly through its retail and online consumer financing platform www.fenqile.com, as well as its mobile application for young people aged 18 to 36 in China. The company also funds loans through proceeds from peer-to-peer lending platforms, commercial banks, and other financial institutions. LexinFintech Holdings Ltd. was founded in 2013 and is headquartered in Shenzhen, People's Republic of China.
What sector is LexinFintech Holdings in?
LexinFintech Holdings is in the Financial Services sector
What industry is LexinFintech Holdings in?
LexinFintech Holdings is in the Credit Services industry
What country is LexinFintech Holdings from?
LexinFintech Holdings is headquartered in China
When did LexinFintech Holdings go public?
LexinFintech Holdings initial public offering (IPO) was on 21 December 2017
What is LexinFintech Holdings website?
https://www.lexin.com
Is LexinFintech Holdings in the S&P 500?
No, LexinFintech Holdings is not included in the S&P 500 index
Is LexinFintech Holdings in the NASDAQ 100?
No, LexinFintech Holdings is not included in the NASDAQ 100 index
Is LexinFintech Holdings in the Dow Jones?
No, LexinFintech Holdings is not included in the Dow Jones index
When was LexinFintech Holdings the previous earnings report?
No data
When does LexinFintech Holdings earnings report?
The next expected earnings date for LexinFintech Holdings is 22 November 2024