Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shot up 10.1% during mid-day trading on Tuesday . The stock traded as high as $7.33 and last traded at $7.41. 1,297,954 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,821,941 shares. The stock had previously closed at $6.73.
Wall Street Analysts Forecast Growth
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.
Read Our Latest Stock Report on LexinFintech
LexinFintech Stock Performance
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 company has a market capitalization of $1.20 billion, a P/E ratio of 11.63 and a beta of 0.32. The business has a 50-day moving average of $8.84 and a 200-day moving average of $6.46.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $501.26 million for the quarter.
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 $0.11 dividend. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is 18.89%.
Institutional Investors Weigh In On LexinFintech
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in LexinFintech during the 4th quarter valued at $1,332,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $445,000. Y Intercept Hong Kong Ltd purchased a new position in LexinFintech during the fourth quarter valued at approximately $363,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in LexinFintech in the fourth quarter worth approximately $29,000. Finally, Redwood Wealth Management Group LLC purchased a new stake in LexinFintech during the fourth quarter worth $359,000.
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.
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