Point72 Hong Kong Ltd Purchases Shares of 121,343 LexinFintech Holdings Ltd. (NASDAQ:LX)

Point72 Hong Kong Ltd purchased a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 121,343 shares of the company's stock, valued at approximately $704,000. Point72 Hong Kong Ltd owned 0.07% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LX. Sanctuary Advisors LLC bought a new stake in shares of LexinFintech during the fourth quarter worth approximately $1,332,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $445,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $363,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech during the fourth quarter valued at approximately $29,000. Finally, Redwood Wealth Management Group LLC acquired a new position in LexinFintech during the fourth quarter valued at approximately $359,000.

Analyst Ratings Changes

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

LexinFintech Trading Down 5.8%

LX traded down $0.50 during trading on Thursday, reaching $8.17. 2,352,662 shares of the stock traded hands, compared to its average volume of 2,982,944. The stock's 50-day moving average is $8.60 and its 200 day moving average is $7.19. 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 $1.37 billion, a PE ratio of 13.07 and a beta of 0.46. 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 (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. The firm had revenue of $427.76 million during 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 declared a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 17th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a dividend yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is presently 18.89%.

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.