JPMorgan Chase & Co. Makes New $7.69 Million Investment in LexinFintech Holdings Ltd. (NASDAQ:LX)

JPMorgan Chase & Co. bought a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,325,430 shares of the company's stock, valued at approximately $7,687,000. JPMorgan Chase & Co. owned approximately 0.81% of LexinFintech as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LX. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 worth $8,703,000 after purchasing an additional 392,870 shares during the last quarter. American Century Companies Inc. raised its holdings in LexinFintech by 68.3% during the fourth quarter. American Century Companies Inc. now owns 618,764 shares of the company's stock worth $3,589,000 after purchasing an additional 251,112 shares in the last quarter. Sei Investments Co. lifted its position in shares of LexinFintech by 1,206.7% during the 4th quarter. Sei Investments Co. now owns 387,934 shares of the company's stock worth $2,250,000 after buying an additional 358,245 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of LexinFintech by 32.9% in the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock valued at $725,000 after buying an additional 65,964 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of LexinFintech in the 4th quarter valued at $1,332,000.

Analyst Ratings Changes

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

LexinFintech Stock Performance

LX traded up $0.62 during trading on Tuesday, hitting $7.34. 3,031,157 shares of the stock were exchanged, compared to its average volume of 2,836,602. 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 1-year low of $1.57 and a 1-year high of $11.64. The stock has a fifty day moving average price of $8.81 and a two-hundred day moving average price of $6.46. The firm has a market capitalization of $1.20 billion, a P/E ratio of 11.65 and a beta of 0.32.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its earnings results 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 firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a $0.11 dividend. 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 dividend payout ratio is presently 18.89%.

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.