LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price was down 4.9% during trading on Tuesday . The stock traded as low as $7.25 and last traded at $7.16. Approximately 215,193 shares traded hands during trading, a decline of 93% from the average daily volume of 3,056,239 shares. The stock had previously closed at $7.52.
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 report on Friday, March 21st.
View Our Latest Research Report on LexinFintech
LexinFintech Stock Down 4.5%
The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a fifty day simple moving average of $7.68 and a 200-day simple moving average of $7.63. The company has a market capitalization of $1.18 billion, a PE ratio of 11.14 and a beta of 0.43.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The company had revenue of $427.76 million for the quarter.
LexinFintech Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. LexinFintech's payout ratio is currently 16.04%.
Institutional Investors Weigh In On LexinFintech
A number of institutional investors have recently made changes to their positions in LX. Vanguard Group Inc. bought a new stake in shares of LexinFintech in the 1st quarter valued at approximately $44,048,000. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of LexinFintech in the 4th quarter valued at approximately $23,142,000. Alliancebernstein L.P. increased its holdings in shares of LexinFintech by 1,862.9% in the 1st quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock valued at $37,488,000 after acquiring an additional 3,526,039 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after acquiring an additional 2,606,969 shares during the last quarter. Finally, WT Asset Management Ltd bought a new stake in shares of LexinFintech in the 1st quarter valued at approximately $20,483,000.
LexinFintech Company Profile
(
Get 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.
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