Lufax (NYSE:LU) Trading 5.8% Higher

Lufax Holding Ltd (NYSE:LU)’s stock price shot up 5.8% during mid-day trading on Wednesday . The company traded as high as $2.38 and last traded at $2.37. 1,995,195 shares were traded during mid-day trading, a decline of 57% from the average session volume of 4,656,555 shares. The stock had previously closed at $2.24.

Lufax Stock Up 7.6 %

The firm’s fifty day simple moving average is $3.76 and its 200 day simple moving average is $3.31. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -16.93, a PEG ratio of 0.30 and a beta of 0.82.

Lufax (NYSE:LU) last announced its quarterly earnings results on Monday, April 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.28). Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. The business had revenue of $964.47 million for the quarter. Sell-side analysts predict that Lufax Holding Ltd will post 0.21 earnings per share for the current year.

Institutional Trading of Lufax

A number of large investors have recently made changes to their positions in LU. Baillie Gifford & Co. increased its position in Lufax by 98.9% in the 1st quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock valued at $51,019,000 after acquiring an additional 6,012,562 shares during the period. Bamco Inc. NY raised its stake in shares of Lufax by 22.1% during the third quarter. Bamco Inc. NY now owns 18,416,696 shares of the company’s stock worth $19,522,000 after purchasing an additional 3,330,411 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Lufax by 5,000.2% during the first quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock worth $12,798,000 after purchasing an additional 2,976,693 shares during the period. Lansdowne Partners UK LLP purchased a new position in Lufax in the 3rd quarter valued at $2,138,000. Finally, Yunqi Capital Ltd increased its stake in Lufax by 39.4% in the 1st quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company’s stock valued at $29,931,000 after buying an additional 2,002,873 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

About Lufax

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.