Two Sigma Investments LP Sells 157,393 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Two Sigma Investments LP reduced its stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,957,359 shares of the company's stock after selling 157,393 shares during the period. Two Sigma Investments LP owned 1.19% of LexinFintech worth $11,353,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in shares of LexinFintech during the 4th quarter worth $1,332,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in LexinFintech in the fourth quarter worth $445,000. Y Intercept Hong Kong Ltd acquired a new position in LexinFintech during the fourth quarter worth $363,000. Redwood Wealth Management Group LLC bought a new position in LexinFintech during the fourth quarter valued at about $359,000. Finally, BNP Paribas Financial Markets lifted its position in shares of LexinFintech by 188,730.8% in the fourth quarter. BNP Paribas Financial Markets now owns 122,740 shares of the company's stock worth $712,000 after buying an additional 122,675 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock Performance

LX stock traded down $0.40 during midday trading on Tuesday, hitting $7.42. 2,455,866 shares of the company traded hands, compared to its average volume of 3,012,737. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.78 and a beta of 0.46. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $8.43 and a 200-day simple moving average of $7.33.

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 business 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 firm also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is 16.04%.

About LexinFintech

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.