LexinFintech (NASDAQ:LX) Trading Down 4% – Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s stock price fell 4% on Friday . The stock traded as low as $7.99 and last traded at $7.99. 509,380 shares traded 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 LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

LexinFintech Stock Down 6.8 %

The business’s 50 day moving average is $5.86 and its 200 day moving average is $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 stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.28 and a beta of 0.63.

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

Institutional Investors Weigh In On LexinFintech

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC acquired a new stake in LexinFintech in the third quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech during the fourth quarter worth $29,000. Centiva Capital LP bought a new position in LexinFintech during the third quarter valued at about $41,000. Virtu Financial LLC acquired a new stake in shares of LexinFintech in the third quarter worth about $74,000. Finally, Kathmere Capital Management LLC bought a new stake in shares of LexinFintech during the 4th quarter worth about $79,000.

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.