US Stock Market Move | Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) closed up 13.01%, with market expectations for performance in 2024Q4.

On Wednesday (February 27) at the close of the stock market in the Eastern United States, driven by the reassessment of Chinese assets and the upcoming release of the 2024 annual performance, Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US), a leading Chinese new consumer digital technology services provider, rose by 13.01% to close at $9.12, with a daily trading volume of $53.36 million. In the market, the U.S. stock market fluctuated under the impact of President Trump's confusing tariff statements, causing confusion and tension, and eventually closed slightly higher. At the close on Wednesday, the Dow Jones Industrial Average rose by 0.02%, the Nasdaq rose by 0.07%, and the S&P 500 Index rose by 0.24%, reaching a historical high. Chinese concept stocks continued to outperform the broader market, with the Nasdaq Golden Dragon Index rising by 3.66%. At the close, Alibaba Group Holding Limited Sponsored ADR rose by 3.78%, JD.com, Inc. Sponsored ADR Class A rose by 6.14%, Baidu Inc Sponsored ADR Class A rose by 0.16%, PDD Holdings Inc. Sponsored ADR Class A rose by 0.5%, Bilibili, Inc. Sponsored ADR Class Z fell by 0.56%, and NIO Inc. Sponsored ADR Class A rose by 10.54%. The rise in the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A is mainly influenced by the global reassessment of Chinese assets, the clear positioning of the new brand with the introduction of a new slogan, and expectations for the 2024 Q4 financial report. In the global stock market, Chinese assets have undoubtedly become a hot spot for capital inflows. It is widely believed that global funds are allocating to Chinese assets, especially Chinese concept stocks and Hong Kong stocks, which have seen increased global capital allocation. At the company level, Lexinfintech Holdings Ltd. Sponsored ADR Class A has restructured its brand positioning of "Fenqile" and introduced the slogan "For easy consumption and flexible turnover, choose Fenqile". In the future, the company will gradually increase brand investment, building Fenqile into a leading brand in the industry with wide user acclaim. In line with this positioning, and always placing a high priority on protecting consumer rights, since the third quarter of 2024, Lexinfintech Holdings Ltd. Sponsored ADR Class A has continued to improve its consumer negotiation and customer service management mechanisms, and has increased digital and systematic development of customer services. At the same time, Lexinfintech Holdings Ltd. Sponsored ADR Class A continues to strengthen its crackdown on illegal debt collection agencies. Since the beginning of the year, Lexinfintech Holdings Ltd. Sponsored ADR Class A has worked with local law enforcement to dismantle 5 criminal gangs and taken legal action against 27 individuals. In addition, Lexinfintech Holdings Ltd. Sponsored ADR Class A is about to release its 2024 Q4 and full year financial reports. As of the end of the third quarter, the company's profit has reached 1 billion yuan. Lexinfintech Holdings Ltd. Sponsored ADR Class A has made significant breakthroughs in its overseas business. In the third quarter, in addition to the Mexican market, Lexinfintech Holdings Ltd. Sponsored ADR Class A has increased its investment and operations in the Southeast Asian market. Within the quarter, the Indonesian market has experienced rapid growth, with transaction users increasing by 31% and transaction volume increasing by 18% compared to the previous period. With the addition of Q4 profits, Lexinfintech Holdings Ltd. Sponsored ADR Class A's profits are expected to reach a three-year high. Due to the sustained growth in profits, Lexinfintech Holdings Ltd. Sponsored ADR Class A has announced an increase in dividend payout. Approved by the board of directors, starting from 2025, the dividend payout ratio for Lexinfintech Holdings Ltd. Sponsored ADR Class A will be increased from the current 20% of net profit to 25%. In the past two months, several well-known brokerages, including UBS Group AG, Bank of Communications, Citigroup, CICC, and Huatai, have released research reports covering Lexinfintech Holdings Ltd. Sponsored ADR Class A, with many raising their target prices. UBS Group AG's research report sees significant positives for Lexinfintech Holdings Ltd. Sponsored ADR Class A from 2024 Q3 onwards: potential improvement in asset quality, decreasing financing costs, and better loan pricing. Based on these reasons, UBS Group AG has raised its earnings (non-GAAP) forecast for Lexinfintech Holdings Ltd. Sponsored ADR Class A for 2025-2026.56%, 103%, up to 2.1 billion yuan, 3.1 billion yuan; Lexinfintech Holdings Ltd. Sponsored ADR Class A is rated as "buy", with a target price of 9.6 US dollars for the next year.It is reported that Lexinfintech Holdings Ltd. Sponsored ADR Class A was established in August 2013 and based in Shenzhen, China. It has always been actively bridging online and offline consumer scenes through its platforms, connecting millions of Chinese young consumers with new consumer brands. In December 2017, Lexinfintech Holdings Ltd. Sponsored ADR Class A officially listed on the NASDAQ in the United States.