Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) dropped 5.3% during trading on Monday . The company traded as low as $2.97 and last traded at $2.96. Approximately 573,588 shares changed hands during trading, a decline of 84% from the average daily volume of 3,570,324 shares. The stock had previously closed at $3.12.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft lowered shares of Lufax from a "hold" rating to a "sell" rating in a report on Tuesday.
View Our Latest Stock Report on LU
Lufax Trading Up 3.2 %
The stock has a market cap of $2.51 billion, a P/E ratio of -3.77 and a beta of 0.71. The business has a 50-day simple moving average of $2.86 and a 200 day simple moving average of $2.67.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Lufax by 35.7% during the third quarter. Geode Capital Management LLC now owns 123,616 shares of the company's stock valued at $431,000 after acquiring an additional 32,536 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Lufax by 27.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,235 shares of the company's stock valued at $221,000 after acquiring an additional 13,630 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after acquiring an additional 8,382 shares during the period. Asset Management One Co. Ltd. grew its holdings in Lufax by 24.5% in the fourth 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 during the period. Finally, Baillie Gifford & Co. grew its stake in Lufax by 0.3% in the fourth quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company's stock valued at $35,054,000 after acquiring an additional 49,964 shares during the period. Institutional investors own 69.14% of the company's stock.
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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