Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) rose 3.3% on Tuesday . The stock traded as high as $10.48 and last traded at $10.43. Approximately 587,728 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 2,582,528 shares. The stock had previously closed at $10.09.
Wall Street Analysts Forecast Growth
Separately, UBS Group set a $13.60 price objective on shares of LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st.
Get Our Latest Stock Report on LX
LexinFintech Trading Down 16.8 %
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 stock has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $6.05. The stock has a market cap of $1.35 billion, a PE ratio of 13.03 and a beta of 0.32.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $501.26 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
LexinFintech Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be given 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 a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is 18.89%.
Institutional Investors Weigh In On LexinFintech
Several institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of LexinFintech in the 4th quarter worth about $1,332,000. Public Employees Retirement System of Ohio purchased a new stake in LexinFintech in the 3rd quarter worth about $467,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in LexinFintech in the fourth quarter worth about $445,000. Y Intercept Hong Kong Ltd purchased a new position in shares of LexinFintech during the fourth quarter valued at approximately $363,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $29,000.
About LexinFintech
(
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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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