FIL Ltd trimmed its position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,745,703 shares of the company's stock after selling 2,542,798 shares during the quarter. FIL Ltd owned 5.94% of LexinFintech worth $56,525,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in LX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at about $29,000. Wolverine Trading LLC purchased a new stake in shares of LexinFintech during the 3rd quarter worth approximately $29,000. Centiva Capital LP acquired a new stake in shares of LexinFintech in the 3rd quarter worth approximately $41,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in LexinFintech in the 4th quarter valued at approximately $70,000. Finally, Virtu Financial LLC acquired a new position in LexinFintech during the third quarter worth $74,000.
Analyst Ratings Changes
Separately, UBS Group set a $13.60 target price on LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
Check Out Our Latest Research Report on LexinFintech
LexinFintech Price Performance
LX traded up $0.62 during midday trading on Monday, reaching $7.28. 3,374,085 shares of the company's stock were exchanged, compared to its average volume of 2,772,498. LexinFintech Holdings Ltd. has a 1-year low of $1.56 and a 1-year high of $11.64. The stock has a market capitalization of $1.19 billion, a PE ratio of 11.56 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The business's 50-day moving average price is $8.96 and its 200 day moving average price is $6.30.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The business had revenue of $501.26 million for the quarter.
LexinFintech Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's payout ratio is currently 18.89%.
LexinFintech Profile
(
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.
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