Barclays PLC purchased a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,229,548 shares of the company's stock, valued at approximately $7,131,000. Barclays PLC owned 0.75% of LexinFintech at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of LX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of LexinFintech during the 4th quarter valued at $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LexinFintech during the fourth quarter valued at about $70,000. Virtu Financial LLC purchased a new stake in LexinFintech in the third quarter worth about $74,000. Kathmere Capital Management LLC bought a new position in shares of LexinFintech during the 4th quarter valued at approximately $79,000. Finally, Raymond James Financial Inc. purchased a new stake in LexinFintech in the 4th quarter worth approximately $157,000.
Analyst Upgrades and Downgrades
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.
Get Our Latest Analysis on LexinFintech
LexinFintech Price Performance
NASDAQ LX traded up $0.02 during trading hours on Wednesday, reaching $7.85. The company's stock had a trading volume of 1,450,801 shares, compared to its average volume of 2,892,343. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a 1 year low of $1.57 and a 1 year high of $11.64. The firm's 50-day moving average price is $8.77 and its 200-day moving average price is $6.63. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.46 and a beta of 0.32.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $501.26 million during 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. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This represents a dividend yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's dividend payout ratio is 18.89%.
About LexinFintech
(
Free Report)
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.
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