LexinFintech (NASDAQ:LX) Shares Down 4.3% - What's Next?

Key Points

• LexinFintech shares fell by 4.3% on Friday, trading as low as $5.52, with an average daily volume drop of 80% to 672,622 shares.
• Analysts have rated LexinFintech with a consensus rating of "Moderate Buy" and an average price target of $13.60, with one firm upgrading it from "hold" to "buy."
• The company recently increased its semi-annual dividend to $0.194 per share, a significant boost from the previous $0.11, representing a yield of 440.0%.

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report)'s stock price was down 4.3% during trading on Friday . The stock traded as low as $5.52 and last traded at $5.42. Approximately 672,622 shares traded hands during trading, a decline of 80% from the average daily volume of 3,409,295 shares. The stock had previously closed at $5.66.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LX shares. Wall Street Zen raised LexinFintech from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Weiss Ratings restated a "hold (c+)" rating on shares of LexinFintech in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.60.

LexinFintech Price Performance

The company has a market capitalization of $881.68 million, a PE ratio of 4.13 and a beta of 0.45. The company has a current ratio of 1.89, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. The company's 50 day moving average price is $6.15 and its 200-day moving average price is $7.30.

LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.20. The company had revenue of $500.62 million for the quarter, compared to the consensus estimate of $500.62 million. LexinFintech had a return on equity of 14.67% and a net margin of 11.50%.

LexinFintech Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.194 per share. This is a boost from LexinFintech's previous semi-annual dividend of $0.11. This represents a dividend yield of 440.0%. The ex-dividend date was Tuesday, August 26th. LexinFintech's payout ratio is presently 24.41%.

LexinFintech declared that its board has approved a stock repurchase program on Monday, July 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new stake in LexinFintech during the 4th quarter valued at approximately $61,000. Tower Research Capital LLC TRC increased its stake in shares of LexinFintech by 350.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company's stock worth $72,000 after buying an additional 7,756 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in LexinFintech in the second quarter valued at $75,000. Ballentine Partners LLC bought a new position in LexinFintech during the 2nd quarter valued at $86,000. Finally, Aigen Investment Management LP bought a new stake in shares of LexinFintech in the 1st quarter worth about $103,000.

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.

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