BRIGHT VALLEY CAPITAL Ltd Purchases New Shares in LexinFintech Holdings Ltd. (NASDAQ:LX)

BRIGHT VALLEY CAPITAL Ltd acquired a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,990,000 shares of the company's stock, valued at approximately $23,142,000. LexinFintech makes up approximately 9.9% of BRIGHT VALLEY CAPITAL Ltd's holdings, making the stock its 5th largest position. BRIGHT VALLEY CAPITAL Ltd owned approximately 2.43% of LexinFintech as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in LX. Sanctuary Advisors LLC bought a new stake in LexinFintech in the fourth quarter worth $1,332,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of LexinFintech during the fourth quarter valued at approximately $445,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of LexinFintech in the fourth quarter worth approximately $363,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in LexinFintech during the 4th quarter valued at $29,000. Finally, Redwood Wealth Management Group LLC bought a new position in LexinFintech in the 4th quarter valued at $359,000.

Analyst Ratings Changes

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

LexinFintech Price Performance

Shares of LX stock opened at $8.26 on Tuesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.11 and a beta of 0.46. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The stock has a fifty day simple moving average of $8.72 and a two-hundred day simple moving average of $6.80.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (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 disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors 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 a positive change 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 (DPR) 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.

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