Canada Pension Plan Investment Board Invests $6.93 Million in LexinFintech Holdings Ltd. (NASDAQ:LX)

Canada Pension Plan Investment Board acquired a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,194,000 shares of the company’s stock, valued at approximately $6,925,000.

Other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock valued at $21,478,000 after buying an additional 2,606,969 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LexinFintech by 35.5% during 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 purchasing an additional 392,870 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of LexinFintech in the 4th quarter valued at $7,687,000. Walleye Capital LLC boosted its holdings in LexinFintech by 81.8% in the fourth quarter. Walleye Capital LLC now owns 1,321,208 shares of the company’s stock worth $7,663,000 after purchasing an additional 594,620 shares in the last quarter. Finally, Barclays PLC acquired a new position in LexinFintech during the fourth quarter worth $7,131,000.

Analyst Upgrades and Downgrades

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

LexinFintech Price Performance

Shares of LexinFintech stock opened at $6.72 on Tuesday. LexinFintech Holdings Ltd. has a 1-year low of $1.57 and a 1-year high of $11.64. The firm has a fifty day simple moving average of $8.84 and a 200-day simple moving average of $6.46. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.67 and a beta of 0.32.

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

LexinFintech 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.