D. E. Shaw & Co. Inc. reduced its stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 90.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,854 shares of the company's stock after selling 825,832 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.05% of LexinFintech worth $515,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in shares of LexinFintech during the 4th quarter worth about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in LexinFintech in the fourth quarter worth $70,000. Tower Research Capital LLC TRC grew its position in LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after buying an additional 7,227 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of LexinFintech during the 4th quarter worth approximately $157,000. Finally, NewEdge Advisors LLC purchased a new stake in LexinFintech in the fourth quarter worth $166,000.
Wall Street Analysts Forecast Growth
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st.
Get Our Latest Research Report on LX
LexinFintech Price Performance
Shares of NASDAQ LX traded up $0.02 during midday trading on Friday, hitting $7.29. 706,822 shares of the company's stock were exchanged, compared to its average volume of 3,021,439. 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 business's fifty day moving average price is $8.22 and its two-hundred day moving average price is $7.35. LexinFintech Holdings Ltd. has a 12-month low of $1.57 and a 12-month high of $11.64. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 11.60 and a beta of 0.46.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. The company had revenue of $427.76 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
LexinFintech Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, April 17th. This represents a yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is presently 16.04%.
LexinFintech 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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