BNP Paribas Financial Markets Grows Stock Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

BNP Paribas Financial Markets raised its stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 188,730.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,740 shares of the company's stock after acquiring an additional 122,675 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of LexinFintech worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LX. Arrowstreet Capital Limited Partnership boosted its stake in LexinFintech by 237.8% in the fourth 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 during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of LexinFintech in the fourth quarter valued at approximately $7,687,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of LexinFintech in the fourth quarter valued at approximately $7,510,000. Barclays PLC bought a new stake in LexinFintech during the 4th quarter worth approximately $7,131,000. Finally, Canada Pension Plan Investment Board bought a new stake in LexinFintech during the 4th quarter worth approximately $6,925,000.

Analysts Set New Price Targets

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

LexinFintech Price Performance

Shares of NASDAQ:LX traded down $0.11 during trading on Wednesday, reaching $7.32. The company had a trading volume of 391,373 shares, compared to its average volume of 3,002,950. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64. The stock has a market capitalization of $1.23 billion, a P/E ratio of 11.66 and a beta of 0.46. The company has a fifty day moving average of $8.36 and a two-hundred day moving average of $7.33. 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 results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $427.76 million during the quarter.

LexinFintech Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 17th were given a $0.11 dividend. 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 of this dividend was Thursday, April 17th. LexinFintech's dividend payout ratio (DPR) is currently 16.04%.

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.