LMR Partners LLP Takes $366,000 Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

LMR Partners LLP purchased a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 63,158 shares of the company's stock, valued at approximately $366,000.

Several other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its stake in LexinFintech by 2,043.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 773,029 shares of the company's stock worth $4,484,000 after acquiring an additional 736,957 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new position in LexinFintech during the 4th quarter worth about $23,142,000. Bank of America Corp DE lifted its stake in LexinFintech by 115.9% during the 4th quarter. Bank of America Corp DE now owns 1,134,716 shares of the company's stock worth $6,581,000 after acquiring an additional 609,233 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in LexinFintech by 188,730.8% during the 4th quarter. BNP Paribas Financial Markets now owns 122,740 shares of the company's stock worth $712,000 after acquiring an additional 122,675 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in LexinFintech during the 4th quarter worth about $61,000.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Up 2.0%

LX stock traded up $0.18 during mid-day trading on Tuesday, reaching $9.07. The company had a trading volume of 1,099,827 shares, compared to its average volume of 2,960,994. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.42 and a beta of 0.46. The firm has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $7.17. LexinFintech Holdings Ltd. has a fifty-two week low of $1.57 and a fifty-two week high of $11.64.

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

LexinFintech Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were given a $0.11 dividend. The ex-dividend date was Thursday, April 17th. This represents a yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is currently 18.89%.

LexinFintech 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.