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

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

Wall Street Analyst Weigh In

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

LexinFintech Stock Performance

The stock has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $5.86. 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 company has a market cap of $1.69 billion, a P/E ratio of 16.34 and a beta of 0.60.

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

LexinFintech Increases Dividend

The company also recently declared 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 of this dividend is Thursday, April 17th. LexinFintech’s dividend payout ratio (DPR) is presently 18.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BRIGHT VALLEY CAPITAL Ltd bought a new stake in LexinFintech during the fourth quarter worth approximately $23,142,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of LexinFintech by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock valued at $21,478,000 after purchasing an additional 2,606,969 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LexinFintech by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company’s stock valued at $10,409,000 after purchasing an additional 315,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LexinFintech by 35.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company’s stock valued at $8,703,000 after purchasing an additional 392,870 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in LexinFintech during the 4th quarter worth about $7,687,000.

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.