Nomura Holdings Inc. Raises Stock Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

Nomura Holdings Inc. increased its holdings in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 761.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,763 shares of the company's stock after purchasing an additional 83,763 shares during the quarter. Nomura Holdings Inc. owned 0.06% of LexinFintech worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LX. Ameriprise Financial Inc. bought a new position in LexinFintech in the fourth quarter valued at about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech in the fourth quarter valued at about $70,000. Tower Research Capital LLC TRC lifted its holdings in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after acquiring an additional 7,227 shares during the period. Raymond James Financial Inc. bought a new position in LexinFintech in the fourth quarter valued at about $157,000. Finally, NewEdge Advisors LLC bought a new position in LexinFintech in the fourth quarter valued at about $166,000.

LexinFintech Stock Performance

LX stock traded down $0.40 during trading on Tuesday, reaching $7.42. The stock had a trading volume of 2,455,866 shares, compared to its average volume of 3,012,750. LexinFintech Holdings Ltd. has a 52 week low of $1.57 and a 52 week high of $11.64. The stock's 50 day moving average is $8.36 and its two-hundred day moving average is $7.33. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.25 billion, a PE ratio of 11.78 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 EPS for the quarter. The business had revenue of $427.76 million during the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

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%.

Analyst Upgrades and Downgrades

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

LexinFintech Company 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.