Baillie Gifford & Co. decreased its holdings in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) by 29.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,281,698 shares of the company's stock after selling 4,385,371 shares during the period. Baillie Gifford & Co. owned about 1.19% of Lufax worth $30,537,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of LU. Pictet Asset Management Holding SA increased its stake in Lufax by 230.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock worth $41,000 after acquiring an additional 12,048 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Lufax by 43.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock valued at $51,000 after purchasing an additional 6,445 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Lufax during the 1st quarter valued at $70,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Lufax by 44.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock valued at $71,000 after acquiring an additional 7,417 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Lufax during the 4th quarter valued at $133,000. Institutional investors own 69.14% of the company's stock.
Lufax Stock Performance
NYSE:LU traded down $0.01 during trading hours on Wednesday, reaching $2.86. The stock had a trading volume of 571,285 shares, compared to its average volume of 3,490,610. The stock has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $2.81. Lufax Holding Ltd. Sponsored ADR has a 12-month low of $2.13 and a 12-month high of $4.15. The stock has a market cap of $2.47 billion, a P/E ratio of -3.71 and a beta of 0.69.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Wall Street Zen raised Lufax from a "sell" rating to a "hold" rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft downgraded Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.
Read Our Latest Analysis on Lufax
Lufax Company Profile
(
Free Report)
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.
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