Caxton Associates LLP Takes Position in Lufax Holding Ltd. Sponsored ADR $LU

Key Points

• Caxton Associates LLP has made a significant purchase of 912,345 shares in Lufax Holding Ltd., valued at approximately $2.71 million, representing about 0.11% of the company's stock.
• Other institutional investments have been noted, with 69.14% of Lufax's stock currently owned by hedge funds and institutional investors who have shown strong interest in the stock.
• Wall Street analysts have shifted Lufax's rating from a "sell" to a "hold," with an average price target set at $3.20 amidst mixed evaluations from different analysts.

Caxton Associates LLP purchased a new stake in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 912,345 shares of the company's stock, valued at approximately $2,710,000. Caxton Associates LLP owned 0.11% of Lufax at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LU. Northern Trust Corp increased its position in shares of Lufax by 110.7% in the fourth quarter. Northern Trust Corp now owns 523,084 shares of the company's stock valued at $1,250,000 after buying an additional 274,808 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Lufax by 190.5% during the fourth quarter. BNP Paribas Financial Markets now owns 1,305,475 shares of the company's stock worth $3,120,000 after purchasing an additional 856,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lufax by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,099 shares of the company's stock worth $1,090,000 after purchasing an additional 12,572 shares in the last quarter. Millennium Management LLC increased its position in shares of Lufax by 56.2% during the fourth quarter. Millennium Management LLC now owns 580,890 shares of the company's stock worth $1,388,000 after purchasing an additional 209,117 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Lufax during the fourth quarter worth approximately $142,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Lufax from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lufax currently has an average rating of "Reduce" and a consensus price target of $3.20.

Lufax Price Performance

NYSE LU remained flat at $3.02 on Friday. The company's stock had a trading volume of 1,714,752 shares, compared to its average volume of 3,179,716. Lufax Holding Ltd. Sponsored ADR has a one year low of $2.14 and a one year high of $4.15. The firm has a fifty day simple moving average of $2.89 and a two-hundred day simple moving average of $2.88. The company has a market cap of $2.62 billion, a PE ratio of -3.92 and a beta of 0.69.

Lufax Company Profile

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.