Schonfeld Strategic Advisors LLC Makes New Investment in LexinFintech Holdings Ltd. (NASDAQ:LX)

Schonfeld Strategic Advisors LLC purchased a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,294,876 shares of the company's stock, valued at approximately $7,510,000. Schonfeld Strategic Advisors LLC owned 0.79% of LexinFintech at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in shares of LexinFintech by 32.9% during the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock worth $725,000 after buying an additional 65,964 shares in the last quarter. Virtu Financial LLC bought a new position in LexinFintech during the third quarter worth $74,000. DGS Capital Management LLC grew its holdings in LexinFintech by 204.4% in the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company's stock worth $310,000 after purchasing an additional 76,424 shares during the period. Kathmere Capital Management LLC bought a new stake in LexinFintech in the fourth quarter valued at $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of LexinFintech during the fourth quarter valued at about $29,000.

Analyst Upgrades and Downgrades

Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.

LexinFintech Stock Down 2.1 %

Shares of LexinFintech stock traded down $0.18 during trading hours on Wednesday, reaching $8.40. The company's stock had a trading volume of 528,452 shares, compared to its average volume of 2,907,135. 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 Holdings Ltd. has a one year low of $1.57 and a one year high of $11.64. The company has a market capitalization of $1.41 billion, a P/E ratio of 13.34 and a beta of 0.46. The stock's fifty day simple moving average is $8.72 and its two-hundred day simple moving average is $6.81.

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

LexinFintech Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This represents a yield of 1.2%. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's payout ratio 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.