Marshall Wace LLP Has $163,000 Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Marshall Wace LLP cut its holdings in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 55.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,074 shares of the company's stock after selling 34,426 shares during the quarter. Marshall Wace LLP's holdings in LexinFintech were worth $163,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after buying an additional 2,606,969 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of LexinFintech by 35.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock valued at $8,703,000 after acquiring an additional 392,870 shares during the period. JPMorgan Chase & Co. bought a new position in LexinFintech in the fourth quarter valued at about $7,687,000. Walleye Capital LLC increased its position in LexinFintech by 81.8% in the fourth quarter. Walleye Capital LLC now owns 1,321,208 shares of the company's stock worth $7,663,000 after purchasing an additional 594,620 shares during the period. Finally, Barclays PLC bought a new stake in LexinFintech during the 4th quarter worth about $7,131,000.

LexinFintech Stock Performance

LX stock opened at $8.26 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The business's fifty day moving average is $8.72 and its 200-day moving average is $6.80. The company has a market cap of $1.39 billion, a P/E ratio of 13.11 and a beta of 0.46.

LexinFintech (NASDAQ:LX - Get Free Report) last issued 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 company also recently announced 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. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is presently 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.

About LexinFintech

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.