LPL Financial LLC Buys New Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

LPL Financial LLC acquired a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 87,600 shares of the company's stock, valued at approximately $508,000. LPL Financial LLC owned about 0.05% of LexinFintech at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in LexinFintech by 32.9% during the third quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock valued at $725,000 after purchasing an additional 65,964 shares during the period. Virtu Financial LLC bought a new stake in shares of LexinFintech during the 3rd quarter worth approximately $74,000. DGS Capital Management LLC raised its holdings in shares of LexinFintech by 204.4% in the 3rd quarter. DGS Capital Management LLC now owns 113,820 shares of the company's stock valued at $310,000 after purchasing an additional 76,424 shares during the period. Kathmere Capital Management LLC bought a new position in LexinFintech during the fourth quarter worth $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech during the fourth quarter worth approximately $29,000.

LexinFintech Price Performance

NASDAQ:LX traded up $0.02 during mid-day trading on Wednesday, reaching $7.85. The stock had a trading volume of 1,450,801 shares, compared to its average volume of 2,892,343. 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 Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.46 and a beta of 0.32. The stock has a 50-day simple moving average of $8.77 and a two-hundred day simple moving average of $6.63.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. The business 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 declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a $0.11 dividend. The ex-dividend date is Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. LexinFintech's payout ratio is 18.89%.

Wall Street Analysts Forecast Growth

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

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.