Marshall Wace LLP reduced its position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 55.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,074 shares of the company's stock after selling 34,426 shares during the period. Marshall Wace LLP's holdings in LexinFintech were worth $163,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech during the 4th quarter worth $70,000. Virtu Financial LLC acquired a new stake in LexinFintech during the 3rd quarter worth $74,000. Kathmere Capital Management LLC acquired a new stake in LexinFintech during the 4th quarter worth $79,000. Finally, Raymond James Financial Inc. acquired a new stake in LexinFintech during the 4th quarter worth $157,000.
LexinFintech Trading Down 3.8%
Shares of LX stock traded down $0.31 on Friday, hitting $7.79. The stock had a trading volume of 3,259,636 shares, compared to its average volume of 2,943,111. The firm has a market cap of $1.31 billion, a P/E ratio of 12.37 and a beta of 0.46. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The company has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $6.94. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.34% and a return on equity of 7.47%.
LexinFintech Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a $0.11 dividend. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. LexinFintech's payout ratio is currently 18.89%.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
Check Out Our Latest Report on LX
About LexinFintech
(
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.
Read More
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
