IQ EQ FUND MANAGEMENT IRELAND Ltd Buys Shares of 12,035 LexinFintech Holdings Ltd. (NASDAQ:LX)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,035 shares of the company’s stock, valued at approximately $70,000.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $7,687,000. Walleye Capital LLC increased its position in LexinFintech by 235.5% in the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 392,870 shares during the period. Sei Investments Co. raised its stake in LexinFintech by 1,206.7% during the 4th quarter. Sei Investments Co. now owns 387,934 shares of the company’s stock valued at $2,250,000 after acquiring an additional 358,245 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in LexinFintech by 68.3% during the 4th quarter. American Century Companies Inc. now owns 618,764 shares of the company’s stock worth $3,589,000 after acquiring an additional 251,112 shares during the period.

Analyst Upgrades and Downgrades

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

LexinFintech Trading Down 2.8 %

LexinFintech stock opened at $11.11 on Friday. LexinFintech Holdings Ltd. has a 12-month low of $1.56 and a 12-month high of $11.64. The stock has a market capitalization of $1.82 billion, a PE ratio of 17.64 and a beta of 0.60. The firm has a 50 day simple moving average of $8.82 and a 200-day simple moving average of $5.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

LexinFintech (NASDAQ:LX) last issued its quarterly 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 return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be issued a $0.11 dividend. This represents a yield of 1.2%. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. LexinFintech’s dividend payout ratio is presently 18.89%.

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.