Canada Pension Plan Investment Board acquired a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,194,000 shares of the company's stock, valued at approximately $6,925,000. Canada Pension Plan Investment Board owned 0.73% of LexinFintech at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech during the fourth quarter valued at approximately $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech during the 4th quarter valued at $70,000. Virtu Financial LLC bought a new stake in shares of LexinFintech during the 3rd quarter worth $74,000. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech in the 4th quarter worth $79,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of LexinFintech during the fourth quarter worth $157,000.
LexinFintech Trading Down 1.4 %
NASDAQ LX traded down $0.12 on Friday, hitting $8.23. 1,292,735 shares of the stock were exchanged, compared to its average volume of 2,878,132. The company's 50-day moving average price is $8.80 and its two-hundred day moving average price is $6.59. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.06 and a beta of 0.32. LexinFintech Holdings Ltd. has a 52-week low of $1.57 and a 52-week 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 data on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. The firm had revenue of $501.26 million during 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 announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be given a $0.11 dividend. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. This represents a yield of 1.2%. LexinFintech's dividend payout ratio is presently 18.89%.
Wall Street Analyst Weigh In
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.
Check Out Our Latest Report on LexinFintech
LexinFintech Company Profile
(
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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