Two Sigma Advisers LP Lowers Holdings in Lufax Holding Ltd (NYSE:LU)

Two Sigma Advisers LP trimmed its stake in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,573,741 shares of the company's stock after selling 355,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.18% of Lufax worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Lufax by 102.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after acquiring an additional 8,382 shares during the period. Pictet Asset Management Holding SA lifted its stake in Lufax by 230.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock worth $41,000 after purchasing an additional 12,048 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Lufax by 43.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock worth $51,000 after purchasing an additional 6,445 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in 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 acquiring an additional 6,422 shares during the period. Finally, Amundi raised its position in Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company's stock valued at $133,000 after purchasing an additional 13,547 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

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

Lufax Price Performance

Shares of LU traded down $0.12 during trading hours on Wednesday, hitting $3.03. The stock had a trading volume of 2,880,175 shares, compared to its average volume of 3,683,974. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.58. The firm has a market capitalization of $2.63 billion, a PE ratio of -3.94 and a beta of 0.71. The stock has a fifty day moving average price of $2.80 and a 200 day moving average price of $2.69.

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.