LexinFintech (NASDAQ:LX) Shares Gap Down – What’s Next?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares gapped down before the market opened on Monday . The stock had previously closed at $9.36, but opened at $8.81. LexinFintech shares last traded at $7.87, with a volume of 2,979,505 shares trading hands.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Down 14.9 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $6.97 and a two-hundred day moving average of $4.39. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.63 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 Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BRIGHT VALLEY CAPITAL Ltd bought a new stake in LexinFintech in the fourth quarter valued at approximately $23,142,000. Arrowstreet Capital Limited Partnership increased its holdings in LexinFintech by 237.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock worth $21,478,000 after purchasing an additional 2,606,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in LexinFintech by 21.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company’s stock valued at $10,409,000 after buying an additional 315,243 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $8,703,000 after buying an additional 392,870 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of LexinFintech during the 4th quarter worth approximately $7,687,000.

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.