LexinFintech (NASDAQ:LX) Trading Up 3.3% – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares shot up 3.3% during trading on Tuesday . The company traded as high as $10.48 and last traded at $10.43. 587,728 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 2,582,528 shares. The stock had previously closed at $10.09.

Analyst Upgrades and Downgrades

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

LexinFintech Trading Up 1.6 %

The business’s 50-day simple moving average is $9.03 and its two-hundred day simple moving average is $5.95. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.51 and a beta of 0.32. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last announced its earnings results 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 company had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

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

Institutional Trading of LexinFintech

A number of institutional investors and hedge funds have recently bought and sold shares of LX. Mackenzie Financial Corp acquired a new position in shares of LexinFintech in the fourth quarter worth $1,371,000. Public Employees Retirement System of Ohio grew its stake in LexinFintech by 8.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 185,988 shares of the company’s stock worth $1,079,000 after purchasing an additional 14,227 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in LexinFintech during the 4th quarter worth about $2,565,000. Squarepoint Ops LLC acquired a new stake in LexinFintech in the 4th quarter valued at about $230,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of LexinFintech in the 4th quarter valued at about $1,053,000.

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.