Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) were up 3.7% during mid-day trading on Wednesday . The stock traded as high as $10.89 and last traded at $10.98. Approximately 1,512,741 shares were traded during trading, a decline of 40% from the average daily volume of 2,518,770 shares. The stock had previously closed at $10.58.
Analyst Ratings Changes
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
View Our Latest Report on LexinFintech
LexinFintech Stock Performance
The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average is $8.82 and its 200 day moving average is $5.77. The company has a market cap of $1.82 billion, a PE ratio of 17.64 and a beta of 0.60.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $501.26 million for the quarter.
LexinFintech Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a dividend of $0.11 per share. 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 payout ratio is presently 18.89%.
Institutional Investors Weigh In On LexinFintech
A number of hedge funds have recently modified their holdings of LX. BRIGHT VALLEY CAPITAL Ltd purchased a new position in LexinFintech during the fourth quarter worth approximately $23,142,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after acquiring an additional 2,606,969 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of LexinFintech during the 4th quarter worth $7,687,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of LexinFintech during the 4th quarter valued at about $7,510,000. Finally, Barclays PLC purchased a new stake in shares of LexinFintech in the fourth quarter valued at about $7,131,000.
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.
Further Reading
Before you consider LexinFintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.
While LexinFintech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
