LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price rose 10.4% during mid-day trading on Friday . The company traded as high as $8.47 and last traded at $8.53. Approximately 1,187,792 shares were traded during trading, a decline of 69% from the average daily 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 target price on shares of LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st.
Check Out Our Latest Stock Analysis on LX
LexinFintech Price Performance
The stock has a market cap of $1.45 billion, a PE ratio of 13.66 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 50-day moving average is $8.72 and its two-hundred day moving average is $6.80.
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. The firm had revenue of $501.26 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
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 issued a $0.11 dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's payout ratio is 18.89%.
Hedge Funds Weigh In On LexinFintech
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at $29,000. Ameriprise Financial Inc. acquired a new stake in LexinFintech in the 4th quarter valued at about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of LexinFintech in the 4th quarter valued at about $70,000. Tower Research Capital LLC TRC grew its position in shares of LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after buying an additional 7,227 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of LexinFintech during the third 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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