LexinFintech Holdings Ltd. (NASDAQ:LX) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its holdings in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 488.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,990 shares of the company's stock after purchasing an additional 120,336 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.09% of LexinFintech worth $841,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Centiva Capital LP purchased a new position in shares of LexinFintech during the 3rd quarter worth about $41,000. Quadrature Capital Ltd purchased a new position in LexinFintech in the third quarter worth $397,000. Wolverine Trading LLC purchased a new stake in LexinFintech in the third quarter valued at about $29,000. Jane Street Group LLC lifted its stake in shares of LexinFintech by 32.9% during the third quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock worth $725,000 after buying an additional 65,964 shares during the period. Finally, XTX Topco Ltd purchased a new stake in LexinFintech during the 3rd quarter valued at about $196,000.

LexinFintech Trading Down 1.9 %

Shares of LexinFintech stock traded down $0.13 during trading hours on Friday, hitting $6.66. The company's stock had a trading volume of 4,699,844 shares, compared to its average volume of 2,762,978. The firm has a fifty day moving average of $8.96 and a 200-day moving average of $6.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 10.57 and a beta of 0.32. LexinFintech Holdings Ltd. has a twelve month low of $1.56 and a twelve month high of $11.64.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share 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 company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a $0.11 dividend. The ex-dividend date is Thursday, April 17th. This represents a yield of 1.2%. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's payout ratio is currently 18.89%.

Analysts Set New Price Targets

Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st.

LexinFintech Company Profile

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.