LexinFintech (NASDAQ:LX) Shares Down 5.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

LexinFintech Price Performance

The company has a 50 day moving average price of $6.46 and a 200 day moving average price of $3.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $1.28 billion, a PE ratio of 12.35 and a beta of 0.66.

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

Institutional Trading of LexinFintech

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in LexinFintech by 35.5% during 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. acquired a new stake in shares of LexinFintech in the 4th quarter worth approximately $7,687,000. Walleye Capital LLC increased its stake in LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after purchasing an additional 510,014 shares in the last quarter. American Century Companies Inc. raised its holdings in LexinFintech by 68.3% during the fourth quarter. American Century Companies Inc. now owns 618,764 shares of the company’s stock worth $3,589,000 after purchasing an additional 251,112 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position 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 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.