LexinFintech (NASDAQ:LX) Shares Up 3.7% – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) rose 3.7% during trading on Wednesday . The company traded as high as $10.89 and last traded at $10.98. Approximately 1,512,741 shares were traded during trading, a decline of 40% from the average daily volume of 2,518,770 shares. The stock had previously closed at $10.58.

Wall Street Analyst Weigh In

LX has been the subject of a number of recent research reports. Citigroup upgraded LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. 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.

LexinFintech Price Performance

The stock has a 50 day moving average of $8.54 and a 200-day moving average of $5.60. 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 capitalization of $1.79 billion, a P/E ratio of 17.33 and a beta of 0.60.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a boost from LexinFintech’s previous semi-annual dividend of $0.07. LexinFintech’s dividend payout ratio is presently 24.44%.

Institutional Trading of LexinFintech

Several hedge funds have recently modified their holdings of LX. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in LexinFintech in the fourth quarter valued at about $23,142,000. Arrowstreet Capital Limited Partnership boosted its stake in LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock worth $21,478,000 after purchasing an additional 2,606,969 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in LexinFintech during the 4th quarter worth approximately $7,687,000. Schonfeld Strategic Advisors LLC acquired a new position in LexinFintech during the 4th quarter valued at approximately $7,510,000. Finally, Barclays PLC acquired a new position in LexinFintech during the 4th quarter valued at approximately $7,131,000.

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.