Baillie Gifford & Co. Boosts Stock Position in Lufax Holding Ltd (NYSE:LU)

Baillie Gifford & Co. increased its stake in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 4.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,617,105 shares of the company's stock after buying an additional 605,134 shares during the period. Baillie Gifford & Co. owned about 1.69% of Lufax worth $51,014,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Yunqi Capital Ltd increased its holdings in Lufax by 39.4% in the 1st quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company's stock worth $29,931,000 after acquiring an additional 2,002,873 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Lufax by 5,000.2% in 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 in the last quarter. Renaissance Technologies LLC raised its position in shares of Lufax by 6.0% in the second quarter. Renaissance Technologies LLC now owns 2,688,219 shares of the company's stock valued at $6,371,000 after purchasing an additional 152,025 shares during the period. Caxton Associates LP purchased a new stake in shares of Lufax during the 2nd quarter valued at approximately $2,152,000. Finally, Russell Investments Group Ltd. bought a new position in Lufax in the 1st quarter worth approximately $2,649,000. Institutional investors own 69.14% of the company's stock.

Lufax Trading Down 1.2 %

Shares of LU stock traded down $0.03 on Wednesday, reaching $2.41. The company's stock had a trading volume of 2,213,625 shares, compared to its average volume of 4,052,053. The stock's 50 day simple moving average is $2.83 and its 200-day simple moving average is $3.02. Lufax Holding Ltd has a 12-month low of $2.00 and a 12-month high of $4.94.

Lufax (NYSE:LU - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Lufax had a negative return on equity of 3.63% and a negative net margin of 12.75%. The business had revenue of $789.93 million for the quarter. During the same period last year, the firm earned $0.04 earnings per share. On average, equities research analysts anticipate that Lufax Holding Ltd will post -0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LU. Jefferies Financial Group reissued a "hold" rating and set a $3.20 target price on shares of Lufax in a report on Thursday, October 24th. Bank of America lowered their price target on shares of Lufax from $5.22 to $2.75 and set a "neutral" rating on the stock in a report on Friday, August 23rd.

Lufax Profile

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.