Shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX – Get Free Report) traded down 2.4% during trading on Thursday . The company traded as low as $1.99 and last traded at $2.02. 1,345,234 shares traded hands during trading, a decline of 11% from the average session volume of 1,507,881 shares. The stock had previously closed at $2.07.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LexinFintech in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, LexinFintech presently has a consensus rating of “Hold” and an average price target of $3.50.
View Our Latest Analysis on LexinFintech
LexinFintech Stock Performance
LexinFintech (NASDAQ:LX – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $434.95 million during the quarter. LexinFintech had a net margin of 12.72% and a return on equity of 14.36%.
LexinFintech Announces Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, April 24th will be given a $0.188 dividend. This represents a yield of 1,757.0%. The ex-dividend date of this dividend is Friday, April 24th. LexinFintech’s payout ratio is 22.90%.
Institutional Investors Weigh In On LexinFintech
Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in LexinFintech by 65.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock valued at $31,000 after buying an additional 2,296 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in LexinFintech by 150.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,601 shares of the company’s stock valued at $31,000 after buying an additional 5,773 shares during the period. Tower Research Capital LLC TRC boosted its position in LexinFintech by 350.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock valued at $72,000 after buying an additional 7,756 shares during the period. Hudson Bay Capital Management LP purchased a new stake in LexinFintech in the 3rd quarter valued at about $60,000. Finally, Quantbot Technologies LP purchased a new stake in LexinFintech in the 2nd quarter valued at about $107,000.
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.
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