Cubist Systematic Strategies LLC Boosts Stock Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Cubist Systematic Strategies LLC lifted its stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 2,043.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 773,029 shares of the company's stock after buying an additional 736,957 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.47% of LexinFintech worth $4,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BRIGHT VALLEY CAPITAL Ltd bought a new stake in LexinFintech during the fourth quarter valued at $23,142,000. Arrowstreet Capital Limited Partnership lifted its position in LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after acquiring an additional 2,606,969 shares in the last quarter. JPMorgan Chase & Co. bought a new position in LexinFintech in the 4th quarter valued at about $7,687,000. Schonfeld Strategic Advisors LLC bought a new position in LexinFintech in the 4th quarter valued at about $7,510,000. Finally, Barclays PLC bought a new position in LexinFintech in the 4th quarter valued at about $7,131,000.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock Performance

Shares of NASDAQ:LX traded down $0.28 during mid-day trading on Thursday, reaching $8.78. The company had a trading volume of 1,344,811 shares, compared to its average volume of 2,949,199. LexinFintech Holdings Ltd. has a one year low of $1.57 and a one year high of $11.64. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 13.91 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. The company's 50-day moving average price is $8.65 and its 200-day moving average price is $7.00.

LexinFintech (NASDAQ:LX - Get Free Report) last released 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 firm had revenue of $501.26 million during the quarter.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be given 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 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.