LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders bought 3,531 put options on the company. This is an increase of 122% compared to the typical daily volume of 1,591 put options.
Institutional Trading of LexinFintech
Institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of LexinFintech in the 4th quarter valued at about $29,000. Wolverine Trading LLC acquired a new position in LexinFintech in the third quarter valued at approximately $29,000. Centiva Capital LP bought a new position in shares of LexinFintech during the third quarter valued at approximately $41,000. Ameriprise Financial Inc. bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech during the 4th quarter worth approximately $70,000.
Analyst Upgrades and Downgrades
Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.
View Our Latest Stock Report on LX
LexinFintech Stock Up 8.6 %
Shares of LexinFintech stock traded up $0.57 during trading on Monday, reaching $7.23. The company had a trading volume of 2,943,753 shares, compared to its average volume of 2,771,195. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. LexinFintech has a fifty-two week low of $1.56 and a fifty-two week high of $11.64. The firm's fifty day moving average is $8.96 and its 200-day moving average is $6.30. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 11.48 and a beta of 0.32.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. The firm 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 issued 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 payout ratio is currently 18.89%.
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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