LexinFintech Holdings Ltd. (LX) operates as an online consumer finance platform for young adults in China.
The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products.
It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, institutional funding partners in its direct lending programs, and investors of its asset-backed securities.
The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. Shares are heading higher in an upward trading channel. The 50-day moving average is shown in brown color. Higher share prices are expected for this stock.
52-Weeks Trading Range: $1.01 - $20.00
Entry Point: $17.25
Stop Loss: $16.38
Target Price: $18.99