Two Sigma Advisers LP Lowers Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Two Sigma Advisers LP lessened its holdings in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,309,987 shares of the company's stock after selling 183,700 shares during the period. Two Sigma Advisers LP owned approximately 1.41% of LexinFintech worth $13,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in shares of LexinFintech in the 4th quarter worth approximately $1,053,000. Point72 Hong Kong Ltd purchased a new position in LexinFintech in the fourth quarter valued at approximately $704,000. Man Group plc purchased a new stake in LexinFintech in the fourth quarter worth $549,000. Nomura Holdings Inc. raised its stake in shares of LexinFintech by 761.5% in the fourth quarter. Nomura Holdings Inc. now owns 94,763 shares of the company's stock valued at $550,000 after buying an additional 83,763 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of LexinFintech during the 4th quarter valued at $2,466,000.

LexinFintech Stock Performance

Shares of NASDAQ:LX traded down $0.39 during trading on Tuesday, hitting $7.44. 1,092,479 shares of the company were exchanged, compared to its average volume of 3,007,688. The company has a market cap of $1.25 billion, a PE ratio of 11.79 and a beta of 0.46. The stock has a 50 day moving average of $8.43 and a 200 day moving average of $7.33. LexinFintech Holdings Ltd. has a 52-week low of $1.57 and a 52-week 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 posted its 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 return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The business also recently announced 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 represents a dividend yield of 1.2%. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is currently 16.04%.

Wall Street Analyst Weigh In

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