Lufax Holding Ltd (NYSE:LU - Get Free Report) shares fell 7.2% during mid-day trading on Friday . The company traded as low as $2.91 and last traded at $2.92. 885,808 shares were traded during mid-day trading, a decline of 74% from the average session volume of 3,347,753 shares. The stock had previously closed at $3.14.
Lufax Trading Up 3.6 %
The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -3.88 and a beta of 0.84. The firm's 50-day moving average is $2.59 and its 200-day moving average is $2.63.
Institutional Investors Weigh In On Lufax
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tiger Pacific Capital LP bought a new stake in Lufax during the 4th quarter worth approximately $9,409,000. Marshall Wace LLP bought a new stake in Lufax during the fourth quarter worth $5,491,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Lufax in the 4th quarter valued at $5,436,000. Norges Bank bought a new position in Lufax during the 4th quarter valued at $4,221,000. Finally, Nuveen Asset Management LLC boosted its holdings in Lufax by 747.0% during 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 last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.
About Lufax
(
Get Free Report)
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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