US Stock Market Move | Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) rose another 8.86%, with the stock price up 19% in the past two trading days.

According to the GMTEight APP, on Tuesday (April 23), the US stock market closed with strong gains driven by factors such as the surge in Chinese concept stocks and continuous expansion of consumer policies. Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US), which is a leading new consumer digital technology service provider in China, rose by 8.86% to a closing price of $7.99, with a total trading volume of $32.8867 million for the day. Lexinfintech Holdings Ltd. Sponsored ADR Class A opened strong, with its stock price reaching as high as $8.29 at one point during trading. Combined with the previous day's gains, the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A has increased by 18.8% over the past two trading days. After market data also shows that its after-market stock price settled at $8.07, a further 1% increase. On a market level, due to easing tariff policies, all three major US stock indexes closed higher, with the Dow rising by 1.07%, the Nasdaq rising by 2.50%, and the S&P 500 rising by 1.67%. The Nasdaq Golden Dragon China Index rose by 2.93%. Many popular Chinese concept stocks rose, with XPeng, Inc. ADR Sponsored Class A, KINGSOFT CLOUD rising by over 7%, iQIYI, Inc. Sponsored ADR Class A rising by over 5%, and NIO Inc. Sponsored ADR Class A rising by nearly 5%. The increase in the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A is mainly influenced by the company's completion of dividend distribution, expectations for future dividend distribution, and various consumer stimulus policies announced by the government. With domestic consumption becoming the main driver of economic growth and stability, the government has introduced several measures to boost consumption, including the recent issuance of a "Consumer Stimulus Special Action Plan" which requires all regions and departments to implement it diligently. In the context of the ongoing tariff trade war, the Consumer Stimulus Special Action Plan is not just a short-term stimulus policy, but a strategic layout aimed at driving systemic changes in the economy and society. This action to boost consumer spending is expected to greatly benefit consumer finance companies like Lexinfintech Holdings Ltd. Sponsored ADR Class A. On the company level, Lexinfintech Holdings Ltd. Sponsored ADR Class A went ex-dividend on April 17, with a dividend of 0.11 USD per share and a dividend payment date of May 16. This dividend distribution for the second half of 2024 accounts for about 20% of the net profit for the period, representing a 50% increase compared to the dividend distribution for the first half of 2024 (about 0.072 USD/ADS). The market expects that after the mid-year financial report for 2025 is disclosed, Lexinfintech Holdings Ltd. Sponsored ADR Class A will announce a higher dividend distribution plan. Following a decision by the board of directors, starting in 2025, the dividend distribution ratio for Lexinfintech Holdings Ltd. Sponsored ADR Class A will be further increased to 25% of net profit. The significant dividend distribution by the company is a result of its outstanding performance in the past year. Financial reports show that in 2024Q4, Lexinfintech Holdings Ltd. Sponsored ADR Class A had a revenue of 3.66 billion yuan, with a profit (Non-GAAP EBIT) of 460 million yuan, representing a year-on-year growth of 32.5% and a quarter-on-quarter growth of 12.5%, achieving significant growth for three consecutive quarters. The continuous improvement in performance is attributed to the company's sustained strengthening of underlying capabilities and continuous improvement in key risk indicators over several quarters. In 2024Q4, the new asset early risk indicator FPD7 decreased by about 8% compared to the previous quarter, and the FPD30+ decreased by about 9%; the overall asset delinquency rate decreased by about 4% compared to the previous quarter, and the 90+ bad rate decreased by 3%. In the past two months, many well-known brokerages such as UBS Group AG, Industrial Bank, Citigroup, Citic Securities International, and Huatai have released research reports covering Lexinfintech Holdings Ltd. Sponsored ADR Class A, with many of them raising their target prices. For example, in a recent research report, UBS Group AG not only maintained a "buy" rating for Lexinfintech Holdings Ltd. Sponsored ADR Class A but also raised its target price to $13.6, 41.7% higher than the previous target price of $9.6. Lexinfintech Holdings Ltd. Sponsored ADR Class A was established in August 2013 and is based in Shenzhen, China. The company has been actively connecting online and offline consumer scenes through its platforms, aiming to connect millions of young Chinese consumers with new consumer brands under the brand concept of "easy consumption, flexible turnover." In December 2017, Lexinfintech Holdings Ltd. Sponsored ADR Class A officially listed on the U.S. Nasdaq.