LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares were up 4.6% on Wednesday . The company traded as high as $7.31 and last traded at $7.40. 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.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st.
Check Out Our Latest Report on LX
LexinFintech Stock Up 0.5%
The company has a market cap of $1.26 billion, a price-to-earnings ratio of 11.84 and a beta of 0.46. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.
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 company 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. Shareholders of record on Thursday, April 17th were given a dividend of $0.11 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is presently 16.04%.
Hedge Funds Weigh In On LexinFintech
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LX. Aigen Investment Management LP bought a new stake in LexinFintech during the first quarter worth $103,000. Ameriprise Financial Inc. bought a new position in shares of LexinFintech in the 4th quarter valued at $61,000. CreativeOne Wealth LLC bought a new position in LexinFintech during the 1st quarter worth $107,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech during the 4th quarter worth $70,000. Finally, Tower Research Capital LLC TRC lifted its holdings in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after buying an additional 7,227 shares during the period.
About LexinFintech
(
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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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