Trexquant Investment LP purchased a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 98,120 shares of the company's stock, valued at approximately $569,000. Trexquant Investment LP owned about 0.06% of LexinFintech as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of LX. Centiva Capital LP acquired a new stake in LexinFintech in the 3rd quarter valued at approximately $41,000. Wolverine Trading LLC acquired a new stake in shares of LexinFintech in the third quarter valued at $29,000. Jane Street Group LLC raised its holdings in shares of LexinFintech by 32.9% in the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock valued at $725,000 after buying an additional 65,964 shares during the period. XTX Topco Ltd acquired a new position in LexinFintech during the 3rd quarter worth about $196,000. Finally, Public Employees Retirement System of Ohio purchased a new position in LexinFintech during the 3rd quarter valued at about $467,000.
Analyst Upgrades and Downgrades
Separately, UBS Group set a $13.60 target price on LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.
Check Out Our Latest Research Report on LX
LexinFintech Stock Performance
Shares of NASDAQ LX traded down $0.10 during midday trading on Friday, reaching $6.99. 2,328,812 shares of the company were exchanged, compared to its average volume of 2,800,419. The stock has a fifty day simple moving average of $8.88 and a 200 day simple moving average of $6.37. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.15 billion, a P/E ratio of 11.10 and a beta of 0.32. LexinFintech Holdings Ltd. has a 1 year low of $1.57 and a 1 year high of $11.64.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $501.26 million during 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 declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's dividend payout ratio is currently 18.89%.
About LexinFintech
(
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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