Shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Get Free Report) rose 5.8% during mid-day trading on Thursday . The company traded as high as $3.41 and last traded at $3.36. Approximately 4,466,116 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 3,472,999 shares. The stock had previously closed at $3.17.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Wall Street Zen upgraded Lufax from a "sell" rating to a "hold" rating in a report on Saturday. Deutsche Bank Aktiengesellschaft lowered shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.
View Our Latest Research Report on LU
Lufax Stock Performance
The firm's fifty day moving average is $2.87 and its 200-day moving average is $2.81. The company has a market capitalization of $2.50 billion, a P/E ratio of -3.74 and a beta of 0.69.
Hedge Funds Weigh In On Lufax
A number of hedge funds have recently added to or reduced their stakes in LU. Vanguard Personalized Indexing Management LLC bought a new stake in Lufax during the second quarter valued at approximately $28,000. Pictet Asset Management Holding SA boosted 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 raised its holdings in 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 during the last quarter. QRG Capital Management Inc. bought a new stake in Lufax during the 1st quarter valued at $70,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Lufax by 44.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock valued at $71,000 after buying an additional 7,417 shares during the last quarter. Institutional investors and hedge funds 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.
Recommended Stories
Before you consider Lufax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lufax wasn't on the list.
While Lufax currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
