LexinFintech (NASDAQ:LX) Reaches New 12-Month High – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) reached a new 52-week high during trading on Thursday . The company traded as high as $11.59 and last traded at $11.56, with a volume of 3784729 shares trading hands. The stock had previously closed at $10.84.

Analysts Set New Price Targets

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

LexinFintech Trading Up 6.4 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.40 and a beta of 0.60. The company has a fifty day moving average of $8.63 and a two-hundred day moving average of $5.63.

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

LexinFintech Increases Dividend

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

Hedge Funds Weigh In On LexinFintech

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in LexinFintech during the 4th quarter valued at about $29,000. Wolverine Trading LLC acquired a new position in LexinFintech in the third quarter valued at $29,000. Centiva Capital LP purchased a new stake in shares of LexinFintech during the 3rd quarter valued at $41,000. Ameriprise Financial Inc. acquired a new position in LexinFintech in the fourth quarter valued at $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech in the fourth quarter worth $70,000.

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.