Mercer Global Advisors Inc. ADV Sells 3,738 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Mercer Global Advisors Inc. ADV trimmed its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,253 shares of the company’s stock after selling 3,738 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in LexinFintech were worth $158,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of LexinFintech in the fourth quarter worth about $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in LexinFintech in the fourth quarter worth about $70,000. Tower Research Capital LLC TRC grew its position in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after acquiring an additional 7,227 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in LexinFintech in the fourth quarter worth about $79,000. Finally, Raymond James Financial Inc. purchased a new position in LexinFintech in the fourth quarter worth about $157,000.

Analyst Ratings Changes

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

LexinFintech Trading Up 0.7%

LX opened at $8.73 on Friday. The firm has a market cap of $1.47 billion, a P/E ratio of 13.86 and a beta of 0.46. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64. 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 50-day moving average of $8.64 and a 200 day moving average of $7.10.

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

LexinFintech Increases Dividend

The firm also recently announced 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 dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 17th. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. LexinFintech’s payout ratio is 18.89%.

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.