LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $11.06, but opened at $10.51. LexinFintech shares last traded at $10.68, with a volume of 1,024,350 shares traded.
Analyst Upgrades and Downgrades
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st.
Read Our Latest Stock Report on LX
LexinFintech Stock Performance
The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.64 and a beta of 0.60. 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 firm's fifty day moving average is $8.82 and its 200 day moving average is $5.74.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly 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 company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. LexinFintech's dividend payout ratio (DPR) is 18.89%.
Hedge Funds Weigh In On LexinFintech
Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of LexinFintech in the fourth quarter worth about $1,332,000. Public Employees Retirement System of Ohio bought a new position in shares of LexinFintech in the 3rd quarter valued at approximately $467,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in LexinFintech in the 4th quarter worth approximately $445,000. Y Intercept Hong Kong Ltd bought a new stake in LexinFintech during the fourth quarter worth approximately $363,000. Finally, Walleye Capital LLC grew its holdings in LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock valued at $1,976,000 after purchasing an additional 510,014 shares during the last quarter.
About LexinFintech
(
Get 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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