LexinFintech (NASDAQ:LX) Trading Down 2.4% – Should You Sell?

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) fell 2.4% during mid-day trading on Thursday . The company traded as low as $1.99 and last traded at $2.02. 1,345,234 shares were traded during mid-day trading, a decline of 11% from the average session volume of 1,507,881 shares. The stock had previously closed at $2.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a report on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.50.

LexinFintech Stock Performance

The business’s fifty day moving average price is $2.31 and its two-hundred day moving average price is $2.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $339.89 million, a P/E ratio of 1.54 and a beta of 0.83.

LexinFintech (NASDAQ:LX) last posted its earnings results on Saturday, February 14th. The company reported $0.10 earnings per share for the quarter. LexinFintech had a net margin of 12.72% and a return on equity of 14.36%. The firm had revenue of $434.95 million for the quarter.

LexinFintech Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th will be issued a $0.188 dividend. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 1,757.0%. LexinFintech’s payout ratio is 22.90%.

Hedge Funds Weigh In On LexinFintech

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of LexinFintech by 6.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,328,262 shares of the company’s stock worth $2,896,000 after purchasing an additional 83,362 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of LexinFintech by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,779,739 shares of the company’s stock worth $3,873,000 after purchasing an additional 12,548 shares during the period. California Public Employees Retirement System boosted its stake in shares of LexinFintech by 9.0% during the 1st quarter. California Public Employees Retirement System now owns 131,329 shares of the company’s stock worth $286,000 after purchasing an additional 10,843 shares during the period. Principal Financial Group Inc. boosted its stake in shares of LexinFintech by 30.5% during the 1st quarter. Principal Financial Group Inc. now owns 3,379,109 shares of the company’s stock worth $7,366,000 after purchasing an additional 788,840 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of LexinFintech by 88.2% during the 1st quarter. QRG Capital Management Inc. now owns 24,078 shares of the company’s stock worth $52,000 after purchasing an additional 11,285 shares during the period.

LexinFintech Company Profile

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.