LPL Financial LLC Buys New Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

LPL Financial LLC purchased a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 87,600 shares of the company’s stock, valued at approximately $508,000. LPL Financial LLC owned approximately 0.05% of LexinFintech as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LX. Jane Street Group LLC grew its holdings in shares of LexinFintech by 32.9% during the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock worth $725,000 after acquiring an additional 65,964 shares during the period. Virtu Financial LLC bought a new stake in shares of LexinFintech during the third quarter valued at approximately $74,000. DGS Capital Management LLC grew its stake in LexinFintech by 204.4% in the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company’s stock worth $310,000 after purchasing an additional 76,424 shares during the period. Kathmere Capital Management LLC bought a new position in LexinFintech in the fourth quarter worth $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in LexinFintech during the fourth quarter valued at $29,000.

Wall Street Analyst Weigh In

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

LexinFintech Price Performance

LX stock opened at $8.35 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.25 and a beta of 0.32. The firm has a 50 day moving average price of $8.81 and a 200-day moving average price of $6.51. LexinFintech Holdings Ltd. has a 52-week low of $1.57 and a 52-week high of $11.64.

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

LexinFintech Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. LexinFintech’s dividend payout ratio (DPR) is currently 18.89%.

About LexinFintech

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.