Squarepoint Ops LLC purchased a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 39,581 shares of the company's stock, valued at approximately $230,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LX. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in LexinFintech in the 4th quarter worth approximately $70,000. Tower Research Capital LLC TRC increased its stake in 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 buying an additional 7,227 shares during the period. Raymond James Financial Inc. acquired a new position in LexinFintech in the 4th quarter worth $157,000. Finally, NewEdge Advisors LLC purchased a new position in LexinFintech in the 4th quarter valued at about $166,000.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 target price on LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st.
Get Our Latest Stock Analysis on LexinFintech
LexinFintech Stock Up 2.9%
LX stock traded up $0.21 during mid-day trading on Monday, hitting $7.52. 1,428,875 shares of the company were exchanged, compared to its average volume of 3,066,410. The firm has a fifty day simple moving average of $7.80 and a 200 day simple moving average of $7.58. The company has a market capitalization of $1.27 billion, a PE ratio of 11.94 and a beta of 0.43. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. 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 (NASDAQ:LX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The firm had revenue of $427.76 million for the quarter.
LexinFintech Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 17th were given a dividend of $0.11 per share. This represents a dividend yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date was Thursday, April 17th. LexinFintech's dividend payout ratio is presently 16.04%.
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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