FIL Ltd Has $56.53 Million Stock Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

FIL Ltd reduced its position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,745,703 shares of the company's stock after selling 2,542,798 shares during the period. FIL Ltd owned about 5.94% of LexinFintech worth $56,525,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of LexinFintech in the 4th quarter valued at about $29,000. QRG Capital Management Inc. grew its position in LexinFintech by 24.1% during the fourth quarter. QRG Capital Management Inc. now owns 45,124 shares of the company's stock valued at $262,000 after purchasing an additional 8,752 shares in the last quarter. Wolverine Trading LLC acquired a new position in LexinFintech in the 3rd quarter valued at approximately $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in LexinFintech in the 4th quarter worth approximately $70,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech during the 4th quarter valued at $79,000.

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 Stock Up 3.0 %

Shares of LexinFintech stock traded up $0.22 during trading on Tuesday, hitting $7.44. 1,340,113 shares of the stock traded hands, compared to its average volume of 2,768,451. The company has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $6.33. LexinFintech Holdings Ltd. has a twelve month low of $1.56 and a twelve month high of $11.64. The stock has a market cap of $1.22 billion, a P/E ratio of 11.81 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) 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 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 issued a dividend of $0.11 per share. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's dividend payout ratio (DPR) is 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.