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

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

A number of other large investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech during the 4th quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its holdings in shares of LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after purchasing an additional 7,227 shares during the period. QRG Capital Management Inc. grew its holdings in shares of LexinFintech by 24.1% during the 4th quarter. QRG Capital Management Inc. now owns 45,124 shares of the company's stock worth $262,000 after purchasing an additional 8,752 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech during the 4th quarter worth about $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in LexinFintech in the fourth quarter valued at about $70,000.

Wall Street Analysts Forecast Growth

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

LexinFintech Trading Down 3.8 %

Shares of NASDAQ LX opened at $7.79 on Friday. 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 stock has a market capitalization of $1.31 billion, a PE ratio of 12.37 and a beta of 0.46. 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 $8.68 and a 200-day simple moving average of $6.88.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly 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 declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a $0.11 dividend. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 1.2%. LexinFintech's payout ratio is 18.89%.

About LexinFintech

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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