Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) traded down 5.3% on Tuesday . The stock traded as low as $7.40 and last traded at $7.40. 368,856 shares were traded during trading, a decline of 88% from the average session volume of 3,004,975 shares. The stock had previously closed at $7.82.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 target price on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.
Check Out Our Latest Research Report on LX
LexinFintech Price Performance
The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.33 and a beta of 0.46. The stock has a 50-day moving average of $8.15 and a two-hundred day moving average of $7.38.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The business had revenue of $427.76 million during 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 given a dividend of $0.11 per share. The ex-dividend date was Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. LexinFintech's dividend payout ratio (DPR) is presently 16.04%.
Institutional Investors Weigh In On LexinFintech
A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech during the 4th quarter valued at about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech during the 4th quarter valued at about $70,000. Tower Research Capital LLC TRC lifted its holdings in shares of LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after buying an additional 7,227 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of LexinFintech during the 1st quarter valued at about $103,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of LexinFintech during the 1st quarter valued at about $107,000.
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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