OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $2.47 Million in LexinFintech Holdings Ltd. (NASDAQ:LX)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 425,100 shares of the company's stock, valued at approximately $2,466,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of LexinFintech at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech during the 4th quarter worth $29,000. Ameriprise Financial Inc. bought a new position in LexinFintech in the fourth quarter worth about $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of LexinFintech in the 4th quarter valued at about $70,000. Tower Research Capital LLC TRC grew its position in shares of LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after buying an additional 7,227 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new position in shares of LexinFintech during the 4th quarter worth approximately $79,000.

LexinFintech Price Performance

Shares of NASDAQ:LX traded up $0.06 during midday trading on Friday, reaching $8.73. 1,143,981 shares of the company's stock traded hands, compared to its average volume of 2,966,694. The company has a fifty day simple moving average of $8.66 and a two-hundred day simple moving average of $7.04. LexinFintech Holdings Ltd. has a 1 year low of $1.57 and a 1 year high of $11.64. The company has a market cap of $1.47 billion, a P/E ratio of 13.86 and a beta of 0.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a dividend of $0.11 per share. This represents a dividend yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's payout ratio is presently 18.89%.

Analyst Ratings Changes

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

LexinFintech 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.