Millennium Management LLC Sells 38,419 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Millennium Management LLC lessened its position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,097,943 shares of the company's stock after selling 38,419 shares during the period. Millennium Management LLC owned about 0.67% of LexinFintech worth $6,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. BRIGHT VALLEY CAPITAL Ltd bought a new stake in LexinFintech during the fourth quarter valued at about $23,142,000. Arrowstreet Capital Limited Partnership lifted its holdings in LexinFintech by 237.8% during the fourth 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in LexinFintech during the fourth quarter valued at approximately $7,687,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of LexinFintech in the fourth quarter worth $7,510,000. Finally, Barclays PLC bought a new stake in shares of LexinFintech during the 4th quarter valued at $7,131,000.

Wall Street Analyst Weigh In

Separately, UBS Group set a $13.60 target price on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.

LexinFintech Price Performance

Shares of LX stock traded down $0.13 during trading hours on Friday, hitting $7.14. The stock had a trading volume of 2,642,589 shares, compared to its average volume of 3,028,587. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.33 and a beta of 0.46. LexinFintech Holdings Ltd. has a one year low of $1.57 and a one year high of $11.64. The stock's 50-day moving average price is $8.22 and its two-hundred day moving average price is $7.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $427.76 million for the quarter.

LexinFintech Increases Dividend

The business also recently disclosed 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 of this dividend was Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. LexinFintech's dividend payout ratio is 16.04%.

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.