US Stock Market Move | Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) stock price rose by 6.1%, breaking the 100 million US dollar mark for 5 consecutive trading days.

On Friday (January 17) at the close of the US stock market, driven by factors such as the start of the Spring Festival promotion, and market expectations for the 2024Q4 performance, Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) rose by 671%, closing at $6.79 per share, with a daily transaction volume of $21.7032 million. Lexinfintech Holdings Ltd. Sponsored ADR Class A opened high and continued to rise, reaching a high near the end of the session of $6.83, setting a new high for the beginning of 2025 and the highest in three and a half years. After-hours data also showed that Lexinfintech Holdings Ltd. Sponsored ADR Class A shares rose an additional 0.44%. Lexinfintech Holdings Ltd. Sponsored ADR Class A has recently shown strong performance in stock price, and with the trading volume today, Lexinfintech Holdings Ltd. Sponsored ADR Class A has had a trading volume exceeding $10 million for 5 consecutive trading days, with two days exceeding $20 million. On the market side, US industrial output and capacity utilization in December, as well as new home construction data in December, all exceeded expectations, with all three major US indices closing higher, with the NASDAQ rising by 1.51%, the S&P 500 rising by 1.00%, and the Dow rising by 0.77%. Popular Chinese concept stocks were all higher, with the NASDAQ Golden Dragon Index closing up by 3.18%, accumulating an increase of 6.19% for the week. Among them, JD.com, Inc. Sponsored ADR Class A rose more than 10%, Futu Holdings Ltd. Sponsored ADR Class A rose nearly 9%, and PDD Holdings Inc. Sponsored ADR Class A rose more than 5%. The rise in Lexinfintech Holdings Ltd. Sponsored ADR Class A stock price is mainly influenced by the start of the Spring Festival "New Year Goods Festival" promotion, as well as the upcoming announcement of the 2024Q4 performance. Recently, Lexinfintech Holdings Ltd. Sponsored ADR Class A's installment store has launched a 15-day Spring Festival "New Year Goods Festival" promotion. During this New Year Goods Festival, the installment store will have a super promotion for consumer electronics, beauty products, clothing and sports items, daily necessities, fruits and snacks, targeting the demand for pre-holiday shopping and sending gifts. Given the excellent performance of the "Double 11" and "Double 12" in 2024, it is expected that the Spring Festival "New Year Goods Festival" promotion will also maintain this growth. At the same time, Lexinfintech Holdings Ltd. Sponsored ADR Class A will soon announce its 2024Q4 and full-year financial reports. Previously, Lexinfintech Holdings Ltd. Sponsored ADR Class A's unaudited financial performance for the third quarter of 2024 showed a revenue of RMB 3.66 billion, profit (Non-GAAP EBIT) of RMB 409 million, an increase of 33.2% over the previous quarter. As of the end of the first three quarters, Lexinfintech Holdings Ltd. Sponsored ADR Class A's profit has exceeded RMB 1 billion. Including Q4 profits, Lexinfintech Holdings Ltd. Sponsored ADR Class A's profit is likely to reach a three-year high. Due to the continuous growth of profits, Lexinfintech Holdings Ltd. Sponsored ADR Class A has announced an increase in the dividend distribution ratio from 20% of net profits to 25% starting in 2025. In the past two months, many well-known brokerage firms such as BOCOM INTL, Citigroup, Credit Suisse, and Huatai have released research reports covering Lexinfintech Holdings Ltd. Sponsored ADR Class A. BOCOM INTL has raised the target price of Lexinfintech Holdings Ltd. Sponsored ADR Class A and maintained a "buy" rating, citing the improvement in risk control and the improving trend of asset quality in Lexinfintech Holdings Ltd. Sponsored ADR Class A which will drive a rapid increase in profit growth; Citigroup analyst has upgraded Lexinfintech Holdings Ltd. Sponsored ADR Class A to a "buy" rating and raised the target price; Credit Suisse is even more optimistic, it believes that Lexinfintech Holdings Ltd. Sponsored ADR Class A's asset quality has reached a turning point and its profitability will rapidly improve in 2025, raising the target price of Lexinfintech Holdings Ltd. Sponsored ADR Class A by more than double.Bonjour! Comment a va?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 connecting online and offline consumer scenes through its platform, linking 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.