Two Sigma Investments LP trimmed its stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,957,359 shares of the company's stock after selling 157,393 shares during the quarter. Two Sigma Investments LP owned 1.19% of LexinFintech worth $11,353,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. bought a new position in shares of LexinFintech during the fourth quarter valued at $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LexinFintech during the fourth quarter valued at $70,000. Tower Research Capital LLC TRC lifted its holdings in shares of LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after purchasing an additional 7,227 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of LexinFintech during the fourth quarter valued at $157,000. Finally, NewEdge Advisors LLC bought a new position in shares of LexinFintech during the fourth quarter valued at $166,000.
Analyst Ratings Changes
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
Get Our Latest Research Report on LX
LexinFintech Stock Performance
Shares of NASDAQ:LX traded up $0.01 during midday trading on Thursday, reaching $7.27. 888,833 shares of the company's stock traded hands, compared to its average volume of 3,015,038. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 11.48 and a beta of 0.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. LexinFintech Holdings Ltd. has a one year low of $1.57 and a one year high of $11.64. The stock has a 50 day moving average of $8.29 and a 200 day moving average of $7.33.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. The company 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 company also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 17th were given a dividend of $0.11 per share. This represents a yield of 1.2%. The ex-dividend date was Thursday, April 17th. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is 16.04%.
About LexinFintech
(
Free Report)
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.
Further Reading
Before you consider LexinFintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.
While LexinFintech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
