Point72 Asset Management L.P. Acquires New Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

Point72 Asset Management L.P. bought a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 181,599 shares of the company's stock, valued at approximately $1,053,000. Point72 Asset Management L.P. owned 0.11% of LexinFintech at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. bought a new position in LexinFintech in the fourth quarter worth about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech during the 4th quarter valued at $70,000. Tower Research Capital LLC TRC increased its stake in shares of LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after acquiring an additional 7,227 shares during the last quarter. Raymond James Financial Inc. bought a new stake in LexinFintech in the fourth quarter worth $157,000. Finally, NewEdge Advisors LLC bought a new stake in LexinFintech in the fourth quarter worth $166,000.

LexinFintech Trading Down 5.2%

Shares of NASDAQ LX traded down $0.41 during midday trading on Tuesday, reaching $7.42. 987,232 shares of the stock were exchanged, compared to its average volume of 3,007,213. The business has a 50-day simple moving average of $8.43 and a two-hundred day simple moving average of $7.33. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.77 and a beta of 0.46. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64. 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 issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $427.76 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 17th were given a $0.11 dividend. The ex-dividend date was Thursday, April 17th. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. LexinFintech's payout ratio is presently 16.04%.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 price objective on shares of LexinFintech and gave the stock 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.