US Stock Market Move | LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) stock price rose by 6.1%, setting a new three and a half year high.

On Tuesday (January 14), the U.S. stock market closed in the Eastern time zone, driven by factors such as the start of the Spring Festival promotion, market optimism about 2024Q4 performance expectations, Chinese leading new consumption digital technology service provider Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) rose 6.1% to close at $6.26 per share, with a daily trading volume of $22.893 million. Lexinfintech Holdings Ltd. Sponsored ADR Class A opened high and continued to rise throughout the day, reaching a high of $6.49 per share at the close, setting a new high in three and a half years and closely approaching the previous high of $6.61 per share on September 7, 2021. The trading volume of $22.893 million was the second highest daily trading volume in the past month. On the market side, the short-term rise of U.S. stocks was influenced by the lower-than-expected Producer Price Index (PPI) in December, but there were mixed results: the Nasdaq fell by 0.23%, the S&P 500 rose by 0.11%, and the Dow rose by 0.52%. Chinese concept stocks were generally up, with the Nasdaq Golden Dragon Index closing up 2.1%. XPeng, Inc. ADR Sponsored Class A rose over 6%, JD.com, Inc. Sponsored ADR Class A rose over 4%, KINGSOFT CLOUD, Bilibili, Inc. Sponsored ADR Class Z rose over 3%, Li Auto, Inc. Sponsored ADR Class A, MNSO, PDD Holdings Inc. Sponsored ADR Class A rose over 2%. After three years of stagnation, the value of Chinese assets is rebounding. Recently, major overseas institutions have also released 2025 outlooks and strategic rules, with leading foreign institutions such as Goldman Sachs Group, Inc., Morgan Stanley, Morgan Asset Management, Fidelity, Invesco, HSBC, Barclays PLC Sponsored ADR and others, all optimistic about Chinese assets. The rise in the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A was mainly influenced by the start of the Spring Festival "Chinese New Year shopping festival" promotion and the upcoming release of 2024Q4 performance results. Recently, Lexinfintech Holdings Ltd. Sponsored ADR Class A's installment shopping mall kicked off a 15-day Spring Festival "Chinese New Year shopping festival" promotion. During this Chinese New Year shopping festival, the installment shopping mall will conduct a super promotion for all categories including consumer electronics, beauty products, apparel and sports, daily necessities, fruits and snacks, with a daily grab of 180 yuan New Year subsidy, official discounts as low as 85% off, and a discount of 40 yuan for every 300 yuan spent on New Year's goods. In view of the excellent performance of "Double 11" and "Double 12" in 2024, it is expected that the Spring Festival "Chinese New Year shopping festival" promotion will also maintain the same growth rate. Meanwhile, Lexinfintech Holdings Ltd. Sponsored ADR Class A is about to release its 2024Q4 and full-year financial reports. According to the unaudited financial performance of the third quarter of 2024 released by Lexinfintech Holdings Ltd. Sponsored ADR Class A, the company's revenue was 3.66 billion yuan, and profit (Non-GAAP EBIT) was 409 million yuan, an increase of 33.2% from the previous quarter. As of the end of the first three quarters, the profit of Lexinfintech Holdings Ltd. Sponsored ADR Class A had exceeded 1 billion yuan. If the Q4 profit is added, the profit of Lexinfintech Holdings Ltd. Sponsored ADR Class A is likely to reach a three-year high. With the continuous growth of profit, Lexinfintech Holdings Ltd. Sponsored ADR Class A announced that, on the basis of continuing bi-annual dividends (the first-half dividend was distributed in October), it will increase the dividend. With the approval of the board of directors, starting from 2025, the dividend ratio of Lexinfintech Holdings Ltd. Sponsored ADR Class A will be increased from the current 20% of net profit to 25%. In the past two months, many well-known brokerage firms such as BOCOM INTL, Citi, CICC, Huatai, etc. have issued research reports covering Lexinfintech Holdings Ltd. Sponsored ADR Class A. BOCOM INTL has raised its target price for Lexinfintech Holdings Ltd. Sponsored ADR Class A and maintained a "buy" rating. Their rationale is that with improved risk control, the asset quality of Lexinfintech Holdings Ltd. Sponsored ADR Class A will improve, driving profit growth to rebound quickly; Citigroup analysts have raised Lexinfintech Holdings Ltd. Sponsored ADR Class A to a "buy" rating and raised the target price; CICC is even more optimistic, believing that Lexinfintech Holdings Ltd. SponsoreThe asset quality of ADR Class A has reached a turning point, and profitability is expected to increase rapidly by 2025, leading to a more than doubling of the target price for Lexinfintech Holdings Ltd. Sponsored ADR Class A.It is reported that Lexinfintech Holdings Ltd. Sponsored ADR Class A was established in August 2013 and is based in Shenzhen, China. It has been actively bridging online and offline consumer scenes through its platforms, connecting millions of young Chinese consumers with new consumer brands. In December 2017, Lexinfintech Holdings Ltd. Sponsored ADR Class A officially listed on the NASDAQ in the United States.