Schonfeld Strategic Advisors LLC Purchases Shares of 1,294,876 LexinFintech Holdings Ltd. (NASDAQ:LX)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,294,876 shares of the company's stock, valued at approximately $7,510,000. Schonfeld Strategic Advisors LLC owned approximately 0.79% of LexinFintech as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LX. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of LexinFintech in the 4th quarter worth about $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech in the fourth quarter worth about $70,000. Tower Research Capital LLC TRC boosted its stake in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after acquiring an additional 7,227 shares during the period. Kathmere Capital Management LLC bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $79,000. Finally, Raymond James Financial Inc. bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $157,000.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock Performance

Shares of LX stock traded down $0.16 during trading hours on Monday, reaching $8.26. The stock had a trading volume of 3,254,452 shares, compared to its average volume of 2,910,335. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.11 and a beta of 0.46. The firm has a 50-day simple moving average of $8.74 and a 200-day simple moving average of $6.76. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

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

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid a $0.11 dividend. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.2%. LexinFintech's dividend payout ratio is presently 18.89%.

LexinFintech Company Profile

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.