Sei Investments Co. increased its holdings in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 1,206.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 387,934 shares of the company's stock after purchasing an additional 358,245 shares during the period. Sei Investments Co. owned approximately 0.24% of LexinFintech worth $2,250,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in LX. Thurston Springer Miller Herd & Titak Inc. bought a new position in LexinFintech during the 4th quarter worth approximately $29,000. Wolverine Trading LLC purchased a new stake in shares of LexinFintech during the third quarter valued at approximately $29,000. Centiva Capital LP bought a new position in shares of LexinFintech in the third quarter worth approximately $41,000. Virtu Financial LLC purchased a new position in shares of LexinFintech in the third quarter worth $74,000. Finally, Kathmere Capital Management LLC bought a new stake in LexinFintech during the 4th quarter valued at $79,000.
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.
View Our Latest Analysis on LX
LexinFintech Trading Down 0.4 %
Shares of LX stock traded down $0.03 during trading hours on Thursday, reaching $6.79. The company's stock had a trading volume of 5,197,097 shares, compared to its average volume of 2,745,435. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a one year low of $1.56 and a one year high of $11.64. The stock has a market capitalization of $1.11 billion, a P/E ratio of 10.78 and a beta of 0.32. The firm's fifty day simple moving average is $8.99 and its 200 day simple moving average is $6.23.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The company had revenue of $501.26 million during the quarter.
LexinFintech Increases Dividend
The business 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. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend 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%.
LexinFintech Profile
(
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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