Lufax Holding Ltd (NYSE:LU – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.19, but opened at $3.33. Lufax shares last traded at $3.26, with a volume of 560,647 shares.
Lufax Stock Up 3.0 %
The firm has a market cap of $2.85 billion, a PE ratio of -4.27 and a beta of 0.77. The firm’s 50 day moving average is $2.72 and its 200-day moving average is $2.67.
Hedge Funds Weigh In On Lufax
A number of large investors have recently bought and sold shares of LU. Public Employees Retirement System of Ohio grew its holdings in shares of Lufax by 16.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 491,713 shares of the company’s stock worth $1,175,000 after purchasing an additional 67,900 shares during the period. Tiger Pacific Capital LP acquired a new position in Lufax during the 4th quarter worth approximately $9,409,000. Nuveen Asset Management LLC boosted its holdings in 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 during the period. OMERS ADMINISTRATION Corp acquired a new stake in Lufax in the fourth quarter valued at approximately $142,000. Finally, Millennium Management LLC raised its stake in shares of Lufax by 56.2% during the fourth quarter. Millennium Management LLC now owns 580,890 shares of the company’s stock valued at $1,388,000 after purchasing an additional 209,117 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.
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.
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