US Stock Market Move | Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) stock price rose by 5.72%, with daily trading volume exceeding 10 million US dollars again.

On Friday (January 3), the U.S. stock market closed in the Eastern time zone, driven by factors such as the return of Chinese asset value and market expectations for high 2024 or Q4 performance. Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) increased by 5.72%, closing at $6.10, with a daily trading volume of $12.84 million. Lexinfintech Holdings Ltd. Sponsored ADR Class A opened with a high and continued to rise throughout the day, reaching a high of $6.19 towards the closing bell, setting a new high for the week and coming close to the highest point in the past three years of $6.365. It is worth noting that in the past 29 trading days, Lexinfintech Holdings Ltd. Sponsored ADR Class A has had 28 trading days with a trading volume exceeding $10 million, indicating increasing market attention. On the market front, led by large technology stocks rising and positive statements from the U.S. Treasury Department on real estate, all three major U.S. stock indices closed higher. The Nasdaq rose by 1.77%, while the S&P 500 rose by 1.26% and finished the week down by 0.51%. Popular Chinese concept stocks showed mixed movements, with the Nasdaq Golden Dragon Index rising by 0.93%. In particular, Dingdong (Cayman) Ltd. Sponsored ADR Class A rose by over 10%, KINGSOFT CLOUD rose by over 5%, and Kuaishou rose by over 4%. After three years of sluggish performance, the value of Chinese assets is making a comeback. Recently, major overseas institutions have released their outlook for 2025 and strategic rules. Leading foreign institutions, including Goldman Sachs Group, Inc., Morgan Stanley, J.P. Morgan Asset Management, Fidelity, Schroders, HSBC, and Barclays PLC Sponsored ADR, have all released their 2025 investment strategies, showing optimism for Chinese assets. The rise in the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A was mainly influenced by factors such as strong performance during the "double 12" season and increases in target prices by several prominent brokerage firms. Previously, Lexinfintech Holdings Ltd. Sponsored ADR Class A released unaudited financial performance for the third quarter of 2024, showing revenue of 3.66 billion yuan and non-GAAP EBIT of 409 million yuan, a 33.2% increase quarter-over-quarter. As of the end of the third quarter, the profit of Lexinfintech Holdings Ltd. Sponsored ADR Class A has exceeded 1 billion yuan. If Q4 earnings are added, the profit of Lexinfintech Holdings Ltd. Sponsored ADR Class A could potentially reach a three-year high. Due to the sustained growth in profit, Lexinfintech Holdings Ltd. Sponsored ADR Class A has announced an increase in dividends on top of the two dividends per year policy, with the board's approval, starting from 2025, the dividend ratio for Lexinfintech Holdings Ltd. Sponsored ADR Class A will be increased from the current 20% of net profit to 25%. At the same time, Lexinfintech Holdings Ltd. Sponsored ADR Class A performed excellently in various indicators in Q3. For its overseas operations, in the third quarter, apart from the Mexican market, Lexinfintech Holdings Ltd. Sponsored ADR Class A increased investment and operations in the Southeast Asian market. In the quarter, the Indonesian market experienced rapid growth, with a 31% increase in trading users and an 18% increase in trading volume. Shortly after the release of Lexinfintech Holdings Ltd. Sponsored ADR Class A's financial report, several well-known brokerages such as Yuanta, Citigroup, Citic Securities, and Huatai released research reports to evaluate the company. BOCOM INTL raised the target price for Lexinfintech Holdings Ltd. Sponsored ADR Class A and maintained a "buy" rating, based on the improvement in risk control which will lead to an improvement in asset quality for Lexinfintech Holdings Ltd. Sponsored ADR Class A, driving a rapid recovery in profit growth; Citigroup analysts raised their rating for Lexinfintech Holdings Ltd. Sponsored ADR Class A to "buy" and increased the target price; Citic Securities was even more optimistic, believing that Lexinfintech Holdings Ltd. Sponsored ADR Class A's asset quality has reached a turning point, and profitability in 2025 will increase rapidly, doubling the target price for Lexinfintech Holdings Ltd. Sponsored ADR Class A. Founded in August 2013 and based in Shenzhen, China, Lexinfintech Holdings Ltd. Sponsored ADR Class A has been actively connecting online and offline consumption scenarios through its platform, connecting millions of young Chinese consumers.In December 2017, Lexinfintech Holdings Ltd. Sponsored ADR Class A officially landed on the NASDAQ in the United States as a new consumer brand.