A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BRIGHT VALLEY CAPITAL Ltd acquired a new position in LexinFintech in the 4th quarter valued at approximately $23,142,000. Arrowstreet Capital Limited Partnership boosted its stake in LexinFintech by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock worth $21,478,000 after acquiring an additional 2,606,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LexinFintech by 21.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company’s stock valued at $10,409,000 after buying an additional 315,243 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of LexinFintech by 35.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company’s stock valued at $8,703,000 after buying an additional 392,870 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of LexinFintech in the fourth quarter valued at $7,687,000.

Shares of LX stock opened at $7.02 on Friday. The company’s fifty day simple moving average is $7.69 and its two-hundred day simple moving average is $7.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. LexinFintech Holdings Ltd. has a 1 year low of $1.57 and a 1 year high of $11.64. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.14 and a beta of 0.43.

LexinFintech (NASDAQ:LX – Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (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 $427.76 million during the quarter.

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were given a dividend of $0.11 per share. This represents a yield of 1.2%. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date was Thursday, April 17th. LexinFintech’s dividend payout ratio is presently 16.04%.

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.

View Our Latest Research Report on 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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