Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) shot up 7% on Friday . The company traded as high as $3.14 and last traded at $3.15. 785,651 shares traded hands during trading, a decline of 77% from the average session volume of 3,343,612 shares. The stock had previously closed at $2.94.
Lufax Trading Up 1.0 %
The stock has a market capitalization of $2.63 billion, a P/E ratio of -3.94 and a beta of 0.84. The stock's 50 day simple moving average is $2.53 and its 200 day simple moving average is $2.62.
Hedge Funds Weigh In On Lufax
A number of hedge funds have recently bought and sold shares of LU. Franklin Resources Inc. raised its stake in Lufax by 9.2% during the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock valued at $171,000 after buying an additional 6,013 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Lufax by 24.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock valued at $79,000 after acquiring an additional 6,422 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Lufax by 43.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock worth $51,000 after purchasing an additional 6,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Lufax by 11.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock worth $152,000 after purchasing an additional 6,519 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after purchasing an additional 8,382 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.
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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