LexinFintech (NASDAQ:LX) Shares Down 4.4% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

LexinFintech Stock Down 0.7 %

The firm has a market capitalization of $945.39 million, a PE ratio of 9.14 and a beta of 0.63. 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 firm has a 50-day moving average of $4.87 and a two-hundred day moving average of $3.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its position in shares of LexinFintech by 33.2% in the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after buying an additional 75,759 shares during the period. Renaissance Technologies LLC boosted its holdings in LexinFintech by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after acquiring an additional 55,700 shares during the period. Kathmere Capital Management LLC purchased a new position in LexinFintech in the 2nd quarter worth approximately $36,000. SG Americas Securities LLC acquired a new stake in LexinFintech in the third quarter valued at approximately $122,000. Finally, GSA Capital Partners LLP raised its stake in shares of LexinFintech by 3.9% during the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after purchasing an additional 16,312 shares during the period.

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.