LexinFintech Holdings Ltd. (NASDAQ:LX) Holdings Increased by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 68.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 618,764 shares of the company's stock after acquiring an additional 251,112 shares during the quarter. American Century Companies Inc. owned approximately 0.38% of LexinFintech worth $3,589,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LX. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LexinFintech by 35.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock valued at $8,703,000 after acquiring an additional 392,870 shares in the last quarter. Jane Street Group LLC increased its stake in LexinFintech by 32.9% during the third quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock valued at $725,000 after purchasing an additional 65,964 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of LexinFintech during the fourth quarter worth $1,332,000. Public Employees Retirement System of Ohio bought a new position in shares of LexinFintech in the 3rd quarter worth about $467,000. Finally, DGS Capital Management LLC boosted its holdings in shares of LexinFintech by 30.0% in the 4th quarter. DGS Capital Management LLC now owns 147,913 shares of the company's stock valued at $858,000 after buying an additional 34,093 shares during the period.

Wall Street Analyst Weigh In

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

LexinFintech Stock Performance

LX traded down $0.13 during trading on Friday, reaching $6.66. 4,699,844 shares of the company were exchanged, compared to its average volume of 2,762,974. 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 cap of $1.09 billion, a P/E ratio of 10.57 and a beta of 0.32. LexinFintech Holdings Ltd. has a 52 week low of $1.56 and a 52 week high of $11.64. The firm has a 50 day moving average of $8.96 and a 200 day moving average of $6.27.

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

LexinFintech Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 17th. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. LexinFintech's payout ratio is currently 18.89%.

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.