Lufax Holding Ltd. Sponsored ADR $LU is Leading Securities Co Ltd's 3rd Largest Position

Key Points

• Leading Securities Co Ltd increased its stake in Lufax Holding Ltd. by 95% during Q2, making it the company's 3rd largest position at 14.9% of its investment portfolio.
• Several large investors have recently adjusted their positions in Lufax, with a notable 69.14% of the stock now owned by institutional investors.
• Lufax's stock has experienced a recent uptick, currently trading at $3.79, with an average rating of "Sell" and a price target of $3.20 according to analysts.

Leading Securities Co Ltd grew its holdings in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) by 95.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 373,331 shares of the company's stock after buying an additional 181,871 shares during the quarter. Lufax accounts for 14.9% of Leading Securities Co Ltd's investment portfolio, making the stock its 3rd largest position. Leading Securities Co Ltd's holdings in Lufax were worth $1,042,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LU. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Lufax during the second quarter worth approximately $28,000. QRG Capital Management Inc. purchased a new stake in shares of Lufax during the first quarter worth approximately $70,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Lufax by 44.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock worth $71,000 after purchasing an additional 7,417 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Lufax during the first quarter worth approximately $101,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lufax by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,969 shares of the company's stock worth $211,000 after purchasing an additional 7,122 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Lufax Trading Up 4.6%

LU opened at $3.79 on Tuesday. The stock's 50-day moving average price is $3.24 and its 200 day moving average price is $2.96. Lufax Holding Ltd. Sponsored ADR has a 12-month low of $2.22 and a 12-month high of $4.57. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -4.92 and a beta of 0.76.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Lufax in a research report on Wednesday, October 8th. Wall Street Zen raised Lufax from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lufax has an average rating of "Sell" and an average price target of $3.20.

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.

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