LexinFintech (NASDAQ:LX) Trading Up 12.1% - Here's Why

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price shot up 12.1% during trading on Monday . The stock traded as high as $8.86 and last traded at $8.73. 1,948,381 shares were traded during mid-day trading, a decline of 34% from the average session volume of 2,939,924 shares. The stock had previously closed at $7.79.

Analyst Ratings Changes

Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.

LexinFintech Trading Down 3.8%

The stock has a market cap of $1.46 billion, a PE ratio of 13.80 and a beta of 0.46. The firm has a 50-day simple moving average of $8.65 and a 200-day simple moving average of $7.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The firm had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is 18.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BRIGHT VALLEY CAPITAL Ltd grew its stake in shares of LexinFintech by 33.0% during the first quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company's stock valued at $53,530,000 after buying an additional 1,315,208 shares during the last quarter. Vanguard Group Inc. bought a new position in shares of LexinFintech during the first quarter valued at about $44,048,000. Arrowstreet Capital Limited Partnership grew its stake in shares of LexinFintech by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after buying an additional 2,606,969 shares during the last quarter. WT Asset Management Ltd bought a new position in shares of LexinFintech during the first quarter valued at about $20,483,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of LexinFintech by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock valued at $10,409,000 after buying an additional 315,243 shares during the last quarter.

LexinFintech Company Profile

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.