LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $7.27, but opened at $7.05. LexinFintech shares last traded at $7.10, with a volume of 232,728 shares trading hands.
Wall Street Analyst Weigh In
Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
Read Our Latest Stock Report on LexinFintech
LexinFintech Stock Down 0.3%
The stock has a market cap of $1.19 billion, a P/E ratio of 11.22 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. The stock's fifty day simple moving average is $8.07 and its 200-day simple moving average is $7.47.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The company 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. Investors of record on Thursday, April 17th were paid a $0.11 dividend. The ex-dividend date of this dividend 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 16.04%.
Hedge Funds Weigh In On LexinFintech
A number of institutional investors have recently added to or reduced their stakes in LX. Acadian Asset Management LLC increased its holdings in LexinFintech by 16.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,669,331 shares of the company's stock worth $47,092,000 after purchasing an additional 663,330 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of LexinFintech in the first quarter valued at approximately $278,000. Caxton Associates LLP acquired a new position in shares of LexinFintech in the first quarter valued at approximately $518,000. Goldman Sachs Group Inc. raised its holdings in LexinFintech by 201.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,482,060 shares of the company's stock valued at $14,954,000 after buying an additional 991,075 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of LexinFintech by 1,862.9% during the first quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock worth $37,488,000 after purchasing an additional 3,526,039 shares during the period.
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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