Shares of Lufax Holding Ltd (NYSE:LU – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.19, but opened at $3.33. Lufax shares last traded at $3.26, with a volume of 560,647 shares.
Lufax Stock Up 3.0 %
The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -4.27 and a beta of 0.77. The stock’s 50-day moving average price is $2.72 and its 200 day moving average price is $2.67.
Hedge Funds Weigh In On Lufax
Several hedge funds and other institutional investors have recently made changes to their positions in LU. Public Employees Retirement System of Ohio raised its position in Lufax by 16.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 491,713 shares of the company’s stock valued at $1,175,000 after purchasing an additional 67,900 shares during the last quarter. Tiger Pacific Capital LP purchased a new position in shares of Lufax during the 4th quarter worth approximately $9,409,000. Nuveen Asset Management LLC lifted its holdings in shares of Lufax by 747.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,293,334 shares of the company’s stock valued at $3,091,000 after buying an additional 1,140,634 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Lufax in the fourth quarter valued at approximately $142,000. Finally, Millennium Management LLC raised its position in Lufax by 56.2% in the fourth quarter. Millennium Management LLC now owns 580,890 shares of the company’s stock worth $1,388,000 after acquiring an additional 209,117 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.
About Lufax
Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.
Read More
- Five stocks we like better than Lufax
- Investing in the High PE Growth Stocks
- Super Micro’s International Presence Makes It a Winning Stock
- What is MarketRank™? How to Use it
- Grocery Outlet Insider and Institutional Buyers Signal Bottom
- Business Services Stocks Investing
- Consumers Are Cutting Back, But These 3 Stocks Will Stay Strong
Receive News & Ratings for Lufax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lufax and related companies with MarketBeat.com's FREE daily email newsletter.
