LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price shot up 10.4% during trading on Friday . The stock traded as high as $8.47 and last traded at $8.53. 1,187,792 shares traded hands during trading, a decline of 69% from the average session volume of 3,831,860 shares. The stock had previously closed at $7.72.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.
Check Out Our Latest Report on LexinFintech
LexinFintech Stock Down 0.6 %
The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The business's 50-day moving average is $8.71 and its two-hundred day moving average is $6.82. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.81 and a beta of 0.46.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $501.26 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
LexinFintech Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a $0.11 dividend. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's dividend payout ratio is currently 18.89%.
Institutional Investors Weigh In On LexinFintech
A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech during the 4th quarter worth approximately $29,000. Ameriprise Financial Inc. acquired a new position in shares of LexinFintech during the fourth quarter worth about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of LexinFintech during the fourth quarter worth approximately $70,000. Tower Research Capital LLC TRC lifted its stake in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after acquiring an additional 7,227 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in LexinFintech during the 3rd quarter worth approximately $74,000.
About LexinFintech
(
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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