LexinFintech (NASDAQ:LX) Shares Gap Down – Time to Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX) gapped down before the market opened on Friday . The stock had previously closed at $9.87, but opened at $8.62. LexinFintech shares last traded at $8.18, with a volume of 1,486,493 shares.

Analysts Set New Price Targets

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

LexinFintech Trading Down 15.7 %

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 market capitalization of $1.37 billion, a P/E ratio of 13.18 and a beta of 0.32. The company’s fifty day moving average is $9.10 and its 200-day moving average is $5.97.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The business had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend 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 18.89%.

Hedge Funds Weigh In On LexinFintech

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

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.