LexinFintech (NASDAQ:LX) Trading Down 11.6% - Time to Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s share price traded down 11.6% during trading on Monday . The stock traded as low as $7.12 and last traded at $7.26. 834,167 shares traded hands during trading, a decline of 68% from the average session volume of 2,641,622 shares. The stock had previously closed at $8.21.

Wall Street Analyst Weigh In

Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.

LexinFintech Stock Performance

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 company has a fifty day moving average of $8.96 and a two-hundred day moving average of $6.27. The stock has a market capitalization of $1.09 billion, a P/E ratio of 10.57 and a beta of 0.32.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The business had revenue of $501.26 million during the quarter.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. LexinFintech's payout ratio is 18.89%.

Institutional Investors Weigh In On LexinFintech

Several institutional investors and hedge funds have recently bought and sold shares of LX. BRIGHT VALLEY CAPITAL Ltd acquired a new position in shares of LexinFintech during the fourth quarter valued at $23,142,000. Arrowstreet Capital Limited Partnership grew its position in LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after purchasing an additional 2,606,969 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of LexinFintech by 21.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock valued at $10,409,000 after purchasing an additional 315,243 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 valued at $8,703,000 after buying an additional 392,870 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of LexinFintech during the fourth quarter worth approximately $7,687,000.

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.