LexinFintech (NASDAQ:LX) Reaches New 1-Year High – Time to 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 changing hands. The stock had previously closed at $10.84.

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 note on Friday, March 21st.

LexinFintech Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $1.82 billion, a P/E ratio of 17.64 and a beta of 0.60. The firm’s fifty day moving average is $8.82 and its 200 day moving average is $5.74.

LexinFintech (NASDAQ:LX) last issued 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 firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be given 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 yield of 1.2%. LexinFintech’s dividend payout ratio (DPR) is 18.89%.

Institutional Trading of LexinFintech

Several hedge funds and other institutional investors have recently bought and sold shares of LX. Walleye Capital LLC lifted its position in LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after acquiring an additional 510,014 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of LexinFintech during the 3rd quarter valued at $41,000. Quadrature Capital Ltd acquired a new stake in shares of LexinFintech in the 3rd quarter worth $397,000. Wolverine Trading LLC purchased a new position in LexinFintech during the 3rd quarter worth $29,000. Finally, Jane Street Group LLC increased its position in LexinFintech by 32.9% during the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock valued at $725,000 after buying an additional 65,964 shares in the last quarter.

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.