Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) traded down 4.9% during trading on Tuesday . The company traded as low as $7.25 and last traded at $7.16. 215,193 shares were traded during trading, a decline of 93% from the average session volume of 3,056,239 shares. The stock had previously closed at $7.52.
Analyst Upgrades and Downgrades
Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.
View Our Latest Report on LX
LexinFintech Stock Up 2.9%
The business's 50 day moving average price is $7.69 and its 200-day moving average price is $7.61. The firm has a market capitalization of $1.24 billion, a PE ratio of 11.63 and a beta of 0.43. 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 (NASDAQ:LX - Get Free Report) last released its quarterly 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 disclosed a semi-annual dividend, which was paid on Friday, May 16th. Investors 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 dividend yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's payout ratio is 16.04%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in LX. BRIGHT VALLEY CAPITAL Ltd grew its holdings in LexinFintech by 33.0% during the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company's stock worth $53,530,000 after acquiring an additional 1,315,208 shares in the last quarter. Acadian Asset Management LLC grew its holdings in LexinFintech by 16.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,669,331 shares of the company's stock worth $47,092,000 after acquiring an additional 663,330 shares in the last quarter. Vanguard Group Inc. acquired a new position in LexinFintech during the 1st quarter worth approximately $44,048,000. Alliancebernstein L.P. grew its holdings in LexinFintech by 1,862.9% during the 1st quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock worth $37,488,000 after acquiring an additional 3,526,039 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after acquiring an additional 2,606,969 shares in the last quarter.
LexinFintech Company Profile
(
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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.
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