LexinFintech (NASDAQ:LX) Trading 3.3% Higher – Should You Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) shot up 3.3% on Tuesday . The stock 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.

Analysts Set New Price Targets

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

LexinFintech Stock Performance

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 firm has a 50-day simple moving average of $9.03 and a 200 day simple moving average of $5.95. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 16.51 and a beta of 0.32.

LexinFintech (NASDAQ:LX) last announced its earnings results on Tuesday, March 18th. The company reported $0.28 EPS 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 announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.2%. LexinFintech’s dividend payout ratio is 18.89%.

Institutional Inflows and Outflows

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

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.