LexinFintech (NASDAQ:LX) Stock Price Down 4.4% - Time to Sell?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) were down 4.4% during mid-day trading on Tuesday . The company traded as low as $5.56 and last traded at $5.63. Approximately 422,409 shares traded hands during trading, a decline of 71% from the average daily volume of 1,473,135 shares. The stock had previously closed at $5.89.

Analysts Set New Price Targets

Separately, Citigroup raised shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.

LexinFintech Trading Down 1.5 %

The firm has a market capitalization of $951.95 million, a P/E ratio of 9.21 and a beta of 0.63. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $4.77 and a 200-day moving average of $3.02.

Institutional Investors Weigh In On LexinFintech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in shares of LexinFintech by 33.2% during the 2nd 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 last quarter. Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 55,700 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech during the second quarter worth $36,000. SG Americas Securities LLC bought a new position in shares of LexinFintech in the 3rd quarter valued at $122,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of LexinFintech by 3.9% during the 3rd quarter. GSA Capital Partners LLP now owns 435,219 shares of the company's stock valued at $1,184,000 after acquiring an additional 16,312 shares in the last quarter.

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.