LexinFintech (NASDAQ:LX) Shares Down 4.1% – Here’s Why

LexinFintech Holdings Ltd. (NASDAQ:LX) shares were down 4.1% on Thursday . The stock traded as low as $6.43 and last traded at $6.41. Approximately 491,630 shares were traded during trading, a decline of 76% from the average daily volume of 2,080,459 shares. The stock had previously closed at $6.68.

Analysts Set New Price Targets

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

LexinFintech Trading Up 16.0 %

The stock has a market cap of $1.25 billion, a P/E ratio of 12.11 and a beta of 0.63. The company has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $3.45. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last announced 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

Hedge funds have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of LexinFintech during the fourth quarter valued at $445,000. DGS Capital Management LLC lifted its position in LexinFintech by 30.0% during the 4th quarter. DGS Capital Management LLC now owns 147,913 shares of the company’s stock worth $858,000 after acquiring an additional 34,093 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in LexinFintech during the 4th quarter valued at about $29,000. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech in the fourth quarter valued at about $79,000. Finally, Virtu Financial LLC purchased a new position in shares of LexinFintech in the third quarter worth about $74,000.

About LexinFintech

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.