LexinFintech (NASDAQ:LX) Stock Price Down 4.5% - Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price fell 4.5% on Tuesday . The company traded as low as $7.78 and last traded at $7.77. 675,810 shares were traded during mid-day trading, a decline of 76% from the average session volume of 2,870,829 shares. The stock had previously closed at $8.13.

Wall Street Analyst Weigh In

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

LexinFintech Stock Performance

The firm's 50-day simple moving average is $8.74 and its two-hundred day simple moving average is $6.73. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.42 billion, a PE ratio of 13.37 and a beta of 0.46.

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. The business had revenue of $501.26 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 declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a $0.11 dividend. This represents a dividend yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's dividend payout ratio is 18.89%.

Institutional Investors Weigh In On LexinFintech

A number of institutional investors have recently modified their holdings of LX. Aviance Capital Partners LLC purchased a new stake in shares of LexinFintech during the first quarter worth $172,000. WT Asset Management Ltd purchased a new stake in shares of LexinFintech during the 1st quarter worth about $20,483,000. D Orazio & Associates Inc. raised its stake in shares of LexinFintech by 10.5% during the 1st quarter. D Orazio & Associates Inc. now owns 36,241 shares of the company's stock worth $366,000 after purchasing an additional 3,440 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of LexinFintech during the 1st quarter valued at about $164,000. Finally, Mackenzie Financial Corp bought a new stake in shares of LexinFintech in the 4th quarter valued at approximately $1,371,000.

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.