LexinFintech (NASDAQ:LX) Reaches New 12-Month Low – Time to Sell?

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) reached a new 52-week low during trading on Thursday . The company traded as low as $3.06 and last traded at $3.1250, with a volume of 275216 shares changing hands. The stock had previously closed at $3.08.

Analyst Upgrades and Downgrades

LX has been the subject of several analyst reports. Wall Street Zen lowered LexinFintech from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group lowered shares of LexinFintech from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $13.60 to $3.50 in a research note on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.50.

LexinFintech Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $5.22. The firm has a market cap of $506.46 million, a P/E ratio of 2.12 and a beta of 0.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of LexinFintech by 67.6% during the third quarter. JPMorgan Chase & Co. now owns 3,528,164 shares of the company’s stock worth $18,805,000 after acquiring an additional 1,423,034 shares during the period. Hudson Bay Capital Management LP bought a new position in LexinFintech during the 3rd quarter worth about $60,000. PharVision Advisers LLC acquired a new stake in shares of LexinFintech in the 3rd quarter valued at about $607,000. Verition Fund Management LLC acquired a new stake in shares of LexinFintech in the 3rd quarter valued at about $128,000. Finally, Quarry LP bought a new stake in shares of LexinFintech in the third quarter valued at about $100,000.

About LexinFintech

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.