Yunqi Capital Ltd Purchases 852,098 Shares of Lufax Holding Ltd. Sponsored ADR $LU

Key Points

• Yunqi Capital raised its stake in Lufax by 8.4% in Q3, buying an additional 852,098 shares to hold 10,950,138 shares total, which represents about 26.0% of Yunqi’s portfolio and roughly 1.26% of Lufax (~$44.46M) at quarter end.
• Other institutions also shifted positions—Arrowstreet, Alpine, Norges Bank, Canada Pension Plan and UBS all added or initiated stakes—pushing institutional ownership to ~69.1%; Lufax trades near $2.28, reported -$1.19 EPS last quarter, and carries an average analyst rating of Sell.

Yunqi Capital Ltd raised its position in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,950,138 shares of the company's stock after buying an additional 852,098 shares during the quarter. Lufax makes up approximately 26.0% of Yunqi Capital Ltd's portfolio, making the stock its 2nd biggest position. Yunqi Capital Ltd owned approximately 1.26% of Lufax worth $44,458,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LU. Alpine Investment Management Ltd acquired a new position in shares of Lufax in the 3rd quarter valued at $17,154,000. Arrowstreet Capital Limited Partnership boosted its stake in Lufax by 2,378.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,168,162 shares of the company's stock worth $6,049,000 after purchasing an additional 2,080,678 shares during the period. Norges Bank purchased a new position in Lufax during the 2nd quarter worth $4,927,000. Canada Pension Plan Investment Board purchased a new position in Lufax during the 2nd quarter worth $2,276,000. Finally, UBS Group AG increased its stake in Lufax by 82.5% in the third quarter. UBS Group AG now owns 1,571,180 shares of the company's stock valued at $6,379,000 after purchasing an additional 710,341 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

Lufax Trading Up 0.7%

NYSE:LU opened at $2.28 on Wednesday. Lufax Holding Ltd. Sponsored ADR has a 12-month low of $2.22 and a 12-month high of $4.57. The stock's 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.87. The firm has a market cap of $1.97 billion, a P/E ratio of -2.92 and a beta of 0.64.

Lufax (NYSE:LU - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($1.19) earnings per share for the quarter. The company had revenue of $724.89 million for the quarter. Research analysts forecast that Lufax Holding Ltd. Sponsored ADR will post -0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Lufax from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

Lufax Profile

Lufax NYSE: LU is a leading provider of online wealth management and personal finance services in China. Established in 2011 as a spin-off from Ping An Insurance (Group) Company of China, Lufax has developed a digital ecosystem designed to match retail and institutional investors with a diverse array of financial products. The company went public on the New York Stock Exchange in October 2020, underscoring its ambition to expand beyond its domestic market.

The firm's core business activities include peer-to-peer lending, consumer finance, supply chain and small-business lending, as well as online asset management.

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