LexinFintech Holdings Ltd. Sponsored ADR $LX Stock Holdings Reduced by Jump Financial LLC

Key Points

• Jump Financial LLC has reduced its holdings in LexinFintech Holdings Ltd. by 13.6%, owning approximately 0.25% of the company, valued at $4.26 million after selling 66,402 shares.
• LexinFintech announced a semi-annual dividend of $0.194 per share, reflecting a significant increase from its previous dividend of $0.11, with a yield of 440.0%.
• Wall Street analyst ratings for LexinFintech have improved, with shares upgraded to a "buy" rating, while analysts set an average price target of $13.60.

Jump Financial LLC trimmed its position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,710 shares of the company's stock after selling 66,402 shares during the quarter. Jump Financial LLC owned 0.25% of LexinFintech worth $4,255,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LX. Bank of America Corp DE raised its holdings in shares of LexinFintech by 115.9% during the 4th quarter. Bank of America Corp DE now owns 1,134,716 shares of the company's stock valued at $6,581,000 after buying an additional 609,233 shares during the period. BNP Paribas Financial Markets grew its position in shares of LexinFintech by 188,730.8% in the 4th quarter. BNP Paribas Financial Markets now owns 122,740 shares of the company's stock worth $712,000 after acquiring an additional 122,675 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd grew its position in shares of LexinFintech by 33.0% in the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company's stock worth $53,530,000 after acquiring an additional 1,315,208 shares in the last quarter. Man Group plc acquired a new position in shares of LexinFintech in the 4th quarter worth approximately $549,000. Finally, Ritholtz Wealth Management acquired a new position in shares of LexinFintech in the 1st quarter worth approximately $164,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered LexinFintech from a "buy" rating to a "hold" rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $13.60.

LexinFintech Trading Up 1.1%

Shares of LexinFintech stock traded up $0.07 on Friday, reaching $6.32. 4,811,189 shares of the company were exchanged, compared to its average volume of 3,791,632. The stock has a fifty day moving average price of $6.78 and a 200-day moving average price of $7.80. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 4.98 and a beta of 0.54. The company has a current ratio of 1.89, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. LexinFintech Holdings Ltd. Sponsored ADR has a fifty-two week low of $1.63 and a fifty-two week high of $11.64.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.20. The company had revenue of $500.62 million for the quarter, compared to analyst estimates of $500.62 million. LexinFintech had a return on equity of 14.67% and a net margin of 11.50%.

LexinFintech Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.194 per share. This represents a dividend yield of 440.0%. This is a boost from LexinFintech's previous semi-annual dividend of $0.11. The ex-dividend date of this dividend is Tuesday, August 26th. LexinFintech's payout ratio is presently 24.41%.

LexinFintech announced that its Board of Directors has initiated a share repurchase program on Monday, July 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.