Man Group plc acquired a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 94,586 shares of the company's stock, valued at approximately $549,000. Man Group plc owned about 0.06% of LexinFintech as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in LX. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in LexinFintech during the 4th quarter valued at about $23,142,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after purchasing an additional 2,606,969 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of LexinFintech during the 4th quarter valued at $7,687,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of LexinFintech during the 4th quarter valued at $7,510,000. Finally, Barclays PLC bought a new stake in shares of LexinFintech in the 4th quarter worth approximately $7,131,000.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
Get Our Latest Stock Analysis on LX
LexinFintech Stock Performance
Shares of LX traded down $0.16 during mid-day trading on Wednesday, hitting $7.26. 3,442,724 shares of the company traded hands, compared to its average volume of 3,014,469. LexinFintech Holdings Ltd. has a 1 year low of $1.57 and a 1 year high of $11.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50-day moving average price of $8.36 and a two-hundred day moving average price of $7.33. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 11.52 and a beta of 0.46.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $427.76 million during the quarter.
LexinFintech Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were given a $0.11 dividend. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date was Thursday, April 17th. This represents a yield of 1.2%. LexinFintech's dividend payout ratio is presently 16.04%.
About LexinFintech
(
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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