LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price was up 4.6% on Wednesday . The stock traded as high as $7.31 and last traded at $7.40. Approximately 215,739 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 3,033,711 shares. The stock had previously closed at $7.07.
Analyst Upgrades and Downgrades
Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st.
Get Our Latest Research Report on LX
LexinFintech Trading Down 2.0%
The firm has a market cap of $1.23 billion, a PE ratio of 11.60 and a beta of 0.43. 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 company's 50 day moving average price is $7.80 and its 200 day moving average price is $7.52.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $427.76 million during 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 announced a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 17th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. LexinFintech's dividend payout ratio (DPR) is 16.04%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. purchased a new position in LexinFintech in the fourth quarter worth $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of LexinFintech during the fourth quarter worth about $70,000. Tower Research Capital LLC TRC lifted its stake in shares of LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after purchasing an additional 7,227 shares during the period. Aigen Investment Management LP acquired a new stake in LexinFintech in the 1st quarter worth about $103,000. Finally, CreativeOne Wealth LLC purchased a new stake in LexinFintech in the first quarter valued at approximately $107,000.
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.
See Also
Before you consider LexinFintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.
While LexinFintech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
