Lufax Holding Ltd (NYSE:LU) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its holdings in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,741 shares of the company's stock after selling 355,700 shares during the quarter. Two Sigma Advisers LP owned 0.18% of Lufax worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Lufax by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock worth $171,000 after buying an additional 6,013 shares during the period. Asset Management One Co. Ltd. increased its stake in Lufax by 24.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock worth $79,000 after acquiring an additional 6,422 shares during the last quarter. Corient Private Wealth LLC increased its stake in Lufax by 43.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock worth $51,000 after acquiring an additional 6,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lufax by 11.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock worth $152,000 after acquiring an additional 6,519 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after purchasing an additional 8,382 shares during the period. 69.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Lufax Trading Down 5.2%

Shares of LU traded down $0.16 during trading hours on Friday, hitting $2.94. The company had a trading volume of 3,804,433 shares, compared to its average volume of 3,675,424. The company has a market capitalization of $2.55 billion, a PE ratio of -3.82 and a beta of 0.71. Lufax Holding Ltd has a one year low of $2.00 and a one year high of $4.58. The company's fifty day moving average price is $2.80 and its two-hundred day moving average price is $2.70.

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.