LexinFintech (NASDAQ:LX) Shares Down 5.3% - Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price traded down 5.3% during mid-day trading on Tuesday . The stock traded as low as $7.40 and last traded at $7.40. 368,856 shares were traded during trading, a decline of 88% from the average session volume of 3,004,975 shares. The stock had previously closed at $7.82.

Analysts Set New Price Targets

Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.

LexinFintech Stock Up 2.4%

The company has a 50-day moving average price of $8.29 and a 200 day moving average price of $7.33. The firm has a market capitalization of $1.25 billion, a PE ratio of 11.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. The company had revenue of $427.76 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.11 per share. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. This represents a yield of 1.2%. The ex-dividend date was Thursday, April 17th. LexinFintech's payout ratio is presently 16.04%.

Institutional Investors Weigh In On LexinFintech

Several large investors have recently added to or reduced their stakes in LX. Aigen Investment Management LP bought a new position in shares of LexinFintech during the first quarter valued at approximately $103,000. Ameriprise Financial Inc. bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $61,000. CreativeOne Wealth LLC bought a new position in shares of LexinFintech during the first quarter valued at approximately $107,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LexinFintech during the fourth quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after buying an additional 7,227 shares during the last quarter.

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.