Tudor Investment Corp ET AL Buys Shares of 100,876 LexinFintech Holdings Ltd. (NASDAQ:LX)

Tudor Investment Corp ET AL purchased a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,876 shares of the company's stock, valued at approximately $585,000. Tudor Investment Corp ET AL owned 0.06% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of LexinFintech in the fourth quarter worth $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of LexinFintech in the 4th quarter worth about $70,000. Tower Research Capital LLC TRC raised its stake in shares of LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after purchasing an additional 7,227 shares in the last quarter. Virtu Financial LLC bought a new position in shares of LexinFintech during the third quarter worth about $74,000. Finally, Kathmere Capital Management LLC acquired a new position in LexinFintech in the fourth quarter worth about $79,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.

LexinFintech Price Performance

Shares of LX stock traded down $0.31 during midday trading on Friday, reaching $7.79. 3,259,636 shares of the company were exchanged, compared to its average volume of 2,943,111. The company's 50 day moving average price is $8.68 and its two-hundred day moving average price is $6.91. The company has a market cap of $1.31 billion, a P/E ratio of 12.37 and a beta of 0.46. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. The firm had revenue of $501.26 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be paid a $0.11 dividend. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 1.2%. LexinFintech's dividend payout ratio (DPR) is currently 18.89%.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.