LexinFintech (NASDAQ:LX) Shares Down 5.3% – Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX) dropped 5.3% during trading on Monday . The company traded as low as $7.79 and last traded at $7.80. Approximately 552,361 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 2,445,869 shares. The stock had previously closed at $8.23.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

LexinFintech Price Performance

The company’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $3.96. 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 $1.28 billion, a PE ratio of 12.35 and a beta of 0.66.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Institutional Trading of LexinFintech

Large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LexinFintech by 35.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company’s stock worth $8,703,000 after buying an additional 392,870 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of LexinFintech during the 4th quarter valued at about $7,687,000. Walleye Capital LLC lifted its position in LexinFintech by 235.5% during the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after acquiring an additional 510,014 shares in the last quarter. American Century Companies Inc. boosted its holdings in LexinFintech by 68.3% in 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. Finally, GSA Capital Partners LLP grew its position in LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after acquiring an additional 16,312 shares in the last quarter.

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.