D. E. Shaw & Co. Inc. trimmed its holdings in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 90.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,854 shares of the company's stock after selling 825,832 shares during the period. D. E. Shaw & Co. Inc. owned 0.05% of LexinFintech worth $515,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in shares of LexinFintech in the fourth quarter valued at about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech in the 4th quarter valued at $70,000. Tower Research Capital LLC TRC boosted its holdings in shares of LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after purchasing an additional 7,227 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of LexinFintech in the 4th quarter valued at $157,000. Finally, NewEdge Advisors LLC bought a new position in shares of LexinFintech in the 4th quarter valued at $166,000.
LexinFintech Trading Down 0.1%
LexinFintech stock traded down $0.01 during trading hours on Thursday, reaching $7.26. 1,601,237 shares of the company's stock were exchanged, compared to its average volume of 3,017,697. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm's 50 day simple moving average is $8.29 and its 200 day simple moving average is $7.33. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The firm has a market capitalization of $1.22 billion, a PE ratio of 11.50 and a beta of 0.46.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share 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 during the quarter.
LexinFintech Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.11 per share. 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. This represents a yield of 1.2%. LexinFintech's payout ratio is presently 16.04%.
Wall Street Analysts Forecast Growth
Separately, UBS Group set a $13.60 target price on LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st.
Read Our Latest Analysis on LexinFintech
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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