LexinFintech (NASDAQ:LX) Shares Down 4% – Time to Sell?

LexinFintech Holdings Ltd. (NASDAQ:LXGet Free Report) shares traded down 4% during mid-day trading on Friday . The company traded as low as $7.99 and last traded at $7.99. 509,380 shares changed hands during trading, a decline of 79% from the average session volume of 2,375,375 shares. The stock had previously closed at $8.32.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on LX

LexinFintech Price Performance

The company has a 50-day moving average of $5.86 and a 200 day moving average of $3.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $1.27 billion, a P/E ratio of 12.28 and a beta of 0.63.

LexinFintech (NASDAQ:LXGet Free Report) last posted its 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 Investors Weigh In On LexinFintech

A number of institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of LexinFintech by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after buying an additional 75,759 shares during the period. Renaissance Technologies LLC grew its holdings in LexinFintech by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock valued at $1,686,000 after purchasing an additional 55,700 shares during the period. SG Americas Securities LLC acquired a new position in LexinFintech during the third quarter valued at approximately $122,000. GSA Capital Partners LLP boosted its position in shares of LexinFintech by 3.9% during the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock worth $1,184,000 after purchasing an additional 16,312 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LexinFintech by 25.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock valued at $3,013,000 after buying an additional 226,479 shares during the period.

About LexinFintech

(Get Free Report)

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.

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