LexinFintech (NASDAQ:LX) Trading 10.1% Higher - Still a Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) traded up 10.1% during trading on Tuesday . The stock traded as high as $7.33 and last traded at $7.41. 1,297,954 shares traded hands during trading, a decline of 54% from the average session volume of 2,821,941 shares. The stock had previously closed at $6.73.

Analysts Set New Price Targets

Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.

LexinFintech Stock Performance

The stock has a market cap of $1.35 billion, a PE ratio of 13.06 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50-day simple moving average of $8.80 and a 200-day simple moving average of $6.57.

LexinFintech (NASDAQ:LX - Get Free Report) last issued 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 business had revenue of $501.26 million during the quarter.

LexinFintech Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid 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 currently 18.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LX. Sanctuary Advisors LLC purchased a new stake in shares of LexinFintech during the 4th quarter valued at about $1,332,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of LexinFintech during the fourth quarter valued at approximately $445,000. Y Intercept Hong Kong Ltd acquired a new position in shares of LexinFintech during the fourth quarter worth $363,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of LexinFintech in the fourth quarter valued at $29,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in LexinFintech during the 4th quarter valued at $359,000.

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.