Lufax Holding Ltd (NYSE:LU - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.95, but opened at $2.85. Lufax shares last traded at $2.90, with a volume of 517,053 shares traded.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday.
Read Our Latest Stock Report on LU
Lufax Stock Performance
The company has a market capitalization of $2.47 billion, a PE ratio of -3.71 and a beta of 0.71. The stock's 50 day moving average is $2.87 and its 200 day moving average is $2.68.
Institutional Trading of Lufax
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after buying an additional 8,382 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Lufax by 230.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock valued at $41,000 after buying an additional 12,048 shares during the period. Corient Private Wealth LLC boosted its holdings 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 buying an additional 6,445 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Lufax in the 1st quarter worth about $70,000. Finally, Asset Management One Co. Ltd. boosted 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 purchasing an additional 6,422 shares in the last quarter. Institutional investors own 69.14% of the company's stock.
About Lufax
(
Get 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.
See Also
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