912,345 Shares in Lufax Holding Ltd. Sponsored ADR $LU Acquired by Caxton Associates LLP

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. acquired a new position in shares of Lufax in the first quarter worth about $70,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Lufax by 44.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock valued at $71,000 after buying an additional 7,417 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Lufax in the first quarter valued at about $101,000. OMERS ADMINISTRATION Corp bought a new stake in Lufax in the fourth quarter valued at about $142,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Lufax by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,969 shares of the company's stock valued at $211,000 after buying an additional 7,122 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Lufax from a "sell" rating to a "hold" rating in a 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 MarketBeat.com, Lufax presently has a consensus rating of "Reduce" and an average target price of $3.20.

Lufax Price Performance

Shares of NYSE:LU remained flat at $3.02 during trading on Friday. The stock had a trading volume of 1,714,752 shares, compared to its average volume of 1,796,185. The company has a market capitalization of $2.62 billion, a PE ratio of -3.92 and a beta of 0.69. The stock has a 50 day simple moving average of $2.89 and a two-hundred day simple moving average of $2.88. Lufax Holding Ltd. Sponsored ADR has a 52 week low of $2.14 and a 52 week high of $4.15.

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.