LexinFintech (NASDAQ:LX) Shares Down 4.4% – Time to Sell?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) fell 4.4% during trading on Tuesday . The company traded as low as $5.56 and last traded at $5.63. 422,409 shares traded hands during trading, a decline of 71% from the average session volume of 1,473,135 shares. The stock had previously closed at $5.89.

Analysts Set New Price Targets

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

LexinFintech Stock Performance

The company has a fifty day moving average of $4.77 and a two-hundred day moving average of $3.02. The firm has a market capitalization of $951.95 million, a price-to-earnings ratio of 9.21 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in LexinFintech by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after buying an additional 75,759 shares during the period. Renaissance Technologies LLC increased its stake in LexinFintech by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock valued at $1,686,000 after acquiring an additional 55,700 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in LexinFintech during the second quarter valued at approximately $36,000. SG Americas Securities LLC bought a new stake in LexinFintech during the third quarter worth $122,000. Finally, GSA Capital Partners LLP lifted its stake in 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 during 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.