Alliancebernstein L.P. Takes Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Alliancebernstein L.P. bought a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 189,280 shares of the company’s stock, valued at approximately $1,098,000. Alliancebernstein L.P. owned approximately 0.12% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech in the fourth quarter valued at $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LexinFintech during the 4th quarter worth $70,000. Virtu Financial LLC purchased a new position in shares of LexinFintech during the third quarter valued at $74,000. Kathmere Capital Management LLC bought a new stake in shares of LexinFintech in the fourth quarter valued at about $79,000. Finally, Raymond James Financial Inc. bought a new stake in LexinFintech during the 4th quarter valued at $157,000.

LexinFintech Stock Performance

Shares of LX stock opened at $6.99 on Friday. The business has a fifty day moving average of $8.86 and a 200 day moving average of $6.39. LexinFintech Holdings Ltd. has a 1 year low of $1.57 and a 1 year high of $11.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.10 and a beta of 0.32.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share 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 business also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid a $0.11 dividend. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.2%. LexinFintech’s dividend payout ratio is presently 18.89%.

Analyst Ratings Changes

Separately, UBS Group set a $13.60 price objective on shares of LexinFintech and gave the stock a “buy” rating in a research report on Friday, March 21st.

LexinFintech 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.