Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) rose 5.5% on Tuesday . The company traded as high as $2.57 and last traded at $2.61. Approximately 2,708,859 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 3,515,426 shares. The stock had previously closed at $2.47.
Lufax Price Performance
The company has a 50 day moving average price of $2.88 and a 200-day moving average price of $2.72. The stock has a market capitalization of $2.04 billion, a PE ratio of -3.06 and a beta of 0.71.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Tiger Pacific Capital LP purchased a new position in shares of Lufax during the fourth quarter valued at about $9,409,000. Marshall Wace LLP purchased a new position in shares of Lufax in the 4th quarter valued at approximately $5,491,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Lufax in the fourth quarter worth $5,436,000. Norges Bank bought a new stake in shares of Lufax during the 4th quarter valued at $4,221,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Lufax by 747.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,293,334 shares of the company's stock worth $3,091,000 after acquiring an additional 1,140,634 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.
Lufax Company Profile
(
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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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