LexinFintech (NASDAQ:LX) Trading Down 4.1% – Here’s What Happened

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

Analyst Ratings Changes

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

LexinFintech Stock Performance

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 firm’s 50 day moving average price is $5.60 and its 200-day moving average price is $3.45. The firm has a market capitalization of $1.25 billion, a PE ratio of 12.11 and a beta of 0.63.

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

Hedge Funds Weigh In On LexinFintech

Several institutional investors and hedge funds have recently bought and sold shares of LX. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LexinFintech by 25.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock valued at $3,013,000 after buying an additional 226,479 shares in the last quarter. Renaissance Technologies LLC increased its stake in LexinFintech by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after purchasing an additional 55,700 shares during the period. Walleye Capital LLC lifted its position in shares of LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock worth $1,976,000 after purchasing an additional 510,014 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after purchasing an additional 16,312 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of LexinFintech by 33.2% in the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after purchasing an additional 75,759 shares during the period.

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.