UBS Group AG Sells 1,464,023 Shares of LexinFintech Holdings Ltd. Sponsored ADR $LX

UBS Group AG lowered its holdings in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 57.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,099,024 shares of the company’s stock after selling 1,464,023 shares during the quarter. UBS Group AG owned about 0.65% of LexinFintech worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LX. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LexinFintech by 65.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock valued at $31,000 after purchasing an additional 2,296 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of LexinFintech during the 3rd quarter valued at $60,000. Tower Research Capital LLC TRC raised its holdings in shares of LexinFintech by 350.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock valued at $72,000 after purchasing an additional 7,756 shares in the last quarter. Prelude Capital Management LLC bought a new position in shares of LexinFintech during the 3rd quarter valued at $80,000. Finally, Quarry LP bought a new position in shares of LexinFintech during the 3rd quarter valued at $100,000.

LexinFintech Stock Performance

NASDAQ:LX opened at $1.96 on Friday. LexinFintech Holdings Ltd. Sponsored ADR has a 1 year low of $1.79 and a 1 year high of $7.99. The firm’s fifty day simple moving average is $2.22 and its 200 day simple moving average is $2.87. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $328.30 million, a PE ratio of 1.50 and a beta of 0.83.

LexinFintech (NASDAQ:LX) last posted its earnings results on Saturday, February 14th. The company reported $0.10 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 12.72% and a return on equity of 14.36%. The business had revenue of $434.95 million for the quarter.

LexinFintech Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, April 24th will be paid a $0.188 dividend. The ex-dividend date is Friday, April 24th. This represents a yield of 1,757.0%. LexinFintech’s dividend payout ratio (DPR) is presently 22.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.50.

About LexinFintech

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.