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LexinFintech Holdings Ltd. (LX) operates as an online consumer finance platform for young adults in the People's Republic of China.
The company operates Fenqile.com, a retail and online 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.
It also matches customer 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 in its direct lending programs, investors of its asset-backed securities, and other licensed financial institutions.
Shares of this company have formed a bullish "pennant" and higher share prices are expected. On November 18th, Lexinfintech Holdings (LX) reported 3rd Quarter September 2019 earnings of $0.55 per share on revenue of $446.0 million. The consensus earnings estimate was $0.54 per share. Revenue grew 80.8% on a year-over-year basis.
Entry Point: $14.95
Stop Loss: $14.20
Trading Range: $8.28 to $15.30
Target Price: $16.45
LX closed at $16.41.
