Tiger Pacific Capital LP bought a new stake in Lufax Holding Ltd (NYSE:LU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,936,662 shares of the company's stock, valued at approximately $9,409,000. Lufax makes up approximately 2.5% of Tiger Pacific Capital LP's investment portfolio, making the stock its 8th biggest position. Tiger Pacific Capital LP owned approximately 0.45% of Lufax at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Lufax by 102.0% in the fourth 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 in the last quarter. Pictet Asset Management Holding SA grew its stake in Lufax by 230.2% in the 4th 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 position in shares of Lufax by 43.6% during the 4th 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 last quarter. Asset Management One Co. Ltd. increased its position in shares of Lufax by 24.5% during the 4th 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 during the last quarter. Finally, Amundi raised its stake in shares of Lufax by 32.7% during the 4th 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. Hedge funds and other institutional investors own 69.14% of the company's stock.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft lowered shares of Lufax from a "hold" rating to a "sell" rating in a research report on Tuesday, April 29th.
Check Out Our Latest Stock Report on Lufax
Lufax Stock Up 0.2%
Lufax stock traded up $0.01 during trading on Friday, hitting $2.91. The stock had a trading volume of 2,000,750 shares, compared to its average volume of 3,646,004. The stock's 50 day moving average is $2.81 and its two-hundred day moving average is $2.68. Lufax Holding Ltd has a 1 year low of $2.00 and a 1 year high of $4.58. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -3.79 and a beta of 0.71.
About Lufax
(
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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