Ethic Inc. trimmed its holdings in Lufax Holding Ltd (NYSE:LU - Free Report) by 81.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in Lufax by 0.3% in the 4th quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company's stock valued at $35,054,000 after buying an additional 49,964 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lufax by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,143,366 shares of the company's stock valued at $17,073,000 after purchasing an additional 70,181 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lufax by 35.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock valued at $10,052,000 after buying an additional 1,102,943 shares during the period. Marshall Wace LLP acquired a new stake in shares of Lufax during the 4th quarter worth $5,491,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Lufax in the 4th quarter worth $5,436,000. Institutional investors and hedge funds own 69.14% of the company's stock.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft downgraded Lufax from a "hold" rating to a "sell" rating in a report on Tuesday, April 29th.
Read Our Latest Stock Report on Lufax
Lufax Stock Performance
Lufax stock traded up $0.03 during trading on Friday, reaching $2.93. 3,889,336 shares of the company's stock were exchanged, compared to its average volume of 3,664,645. Lufax Holding Ltd has a 52-week low of $2.00 and a 52-week high of $4.58. The company's 50-day moving average is $2.80 and its two-hundred day moving average is $2.68. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -3.81 and a beta of 0.71.
Lufax Company Profile
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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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