LexinFintech (NASDAQ:LX) Shares Down 8.3% - Time to Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price fell 8.3% on Monday . The stock traded as low as $10.30 and last traded at $10.19. 1,670,912 shares were traded during mid-day trading, a decline of 35% from the average session volume of 2,581,035 shares. The stock had previously closed at $11.11.

Analysts Set New Price Targets

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

LexinFintech Price Performance

The firm has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $5.97. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.03 and a beta of 0.32. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The company had revenue of $501.26 million during the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a dividend of $0.11 per share. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is currently 18.89%.

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Hedge Funds Weigh In On LexinFintech

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in LexinFintech during the fourth quarter valued at $1,332,000. Public Employees Retirement System of Ohio purchased a new position in LexinFintech in the 3rd quarter valued at about $467,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in LexinFintech in the 4th quarter worth about $445,000. Y Intercept Hong Kong Ltd acquired a new stake in LexinFintech in the 4th quarter worth about $363,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in LexinFintech during the 4th quarter worth approximately $29,000.

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.