LexinFintech Holdings Ltd. Sponsored ADR $LX Shares Sold 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 cut its holdings in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) by 13.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 421,710 shares of the company's stock after selling 66,402 shares during the period. Jump Financial LLC owned 0.25% of LexinFintech worth $4,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BRIGHT VALLEY CAPITAL Ltd lifted its position in LexinFintech by 33.0% during the first quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company's stock valued at $53,530,000 after acquiring an additional 1,315,208 shares during the last quarter. Vanguard Group Inc. acquired a new stake in shares of LexinFintech during the first quarter worth $44,048,000. WT Asset Management Ltd acquired a new stake in shares of LexinFintech during the first quarter worth $20,483,000. Dimensional Fund Advisors LP lifted its stake in shares of LexinFintech by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock worth $10,409,000 after buying an additional 315,243 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of LexinFintech during the fourth quarter worth $7,510,000.

LexinFintech Stock Performance

Shares of LexinFintech stock remained flat at $6.25 during trading on Thursday. 3,656,629 shares of the company traded hands, compared to its average volume of 3,873,345. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm's 50-day simple moving average is $6.80 and its 200-day simple moving average is $7.82. LexinFintech Holdings Ltd. Sponsored ADR has a 12-month low of $1.63 and a 12-month high of $11.64. The company has a market cap of $1.05 billion, a PE ratio of 4.92 and a beta of 0.47.

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

LexinFintech declared that its board has authorized a share repurchase plan on Monday, July 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

LexinFintech Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, August 26th will be issued a $0.194 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.11. This represents a yield of 440.0%. LexinFintech's dividend payout ratio is presently 24.41%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of LexinFintech from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $13.60.

LexinFintech Profile

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.