LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $9.87, but opened at $8.62. LexinFintech shares last traded at $8.18, with a volume of 1,486,493 shares.
Analysts Set New Price Targets
Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.
Get Our Latest Stock Report on LexinFintech
LexinFintech Stock Performance
The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 10.83 and a beta of 0.32. The company's fifty day simple moving average is $9.06 and its two-hundred day simple moving average is $6.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The company 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 business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 1.2%. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is 18.89%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LX. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of LexinFintech during the 4th quarter worth approximately $29,000. Wolverine Trading LLC purchased a new stake in shares of LexinFintech during the third quarter valued at approximately $29,000. Centiva Capital LP bought a new stake in LexinFintech during the third quarter worth $41,000. Ameriprise Financial Inc. purchased a new position in LexinFintech in the fourth quarter worth $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech in the 4th quarter valued at $70,000.
LexinFintech Company Profile
(
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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