Lufax Holding Ltd (NYSE:LU) Position Decreased by Ethic Inc.

Ethic Inc. lowered its position in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 81.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,756 shares of the company's stock after selling 93,845 shares during the period. Ethic Inc.'s holdings in Lufax were worth $50,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after acquiring an additional 8,382 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Lufax by 230.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock valued at $41,000 after purchasing an additional 12,048 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Lufax by 43.6% during the fourth 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 during the period. Asset Management One Co. Ltd. raised its stake in shares of Lufax by 24.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock valued at $79,000 after purchasing an additional 6,422 shares in the last quarter. Finally, Amundi lifted its holdings in Lufax by 32.7% in the fourth quarter. Amundi now owns 54,987 shares of the company's stock worth $133,000 after purchasing an additional 13,547 shares during the period. Institutional investors own 69.14% of the company's stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.

Lufax Stock Down 1.2%

LU traded down $0.04 during trading on Thursday, reaching $2.91. The stock had a trading volume of 3,810,405 shares, compared to its average volume of 3,645,699. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.58. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -3.77 and a beta of 0.71. The stock has a 50 day moving average of $2.81 and a two-hundred day moving average of $2.68.

Lufax 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.