Krane Funds Advisors LLC Has $28.98 Million Holdings in Lufax Holding Ltd (NYSE:LU)

Krane Funds Advisors LLC decreased its position in Lufax Holding Ltd (NYSE:LU - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,302,546 shares of the company's stock after selling 472,097 shares during the period. Lufax makes up approximately 1.0% of Krane Funds Advisors LLC's holdings, making the stock its 15th biggest position. Krane Funds Advisors LLC owned 1.45% of Lufax worth $28,976,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Panagora Asset Management Inc. bought a new stake in shares of Lufax during the second quarter valued at about $26,000. Sequoia Financial Advisors LLC bought a new stake in shares of Lufax during the 1st quarter worth about $60,000. PDS Planning Inc acquired a new stake in shares of Lufax in the 1st quarter worth approximately $78,000. SG Americas Securities LLC bought a new position in shares of Lufax in the third quarter valued at approximately $66,000. Finally, Diversified Trust Co acquired a new position in shares of Lufax during the first quarter valued at approximately $92,000. Institutional investors and hedge funds own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their target price on Lufax from $5.22 to $2.75 and set a "neutral" rating for the company in a research report on Friday, August 23rd.

Lufax Price Performance

NYSE:LU traded up $0.02 during mid-day trading on Tuesday, reaching $3.05. 2,142,255 shares of the stock were exchanged, compared to its average volume of 4,191,468. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.94. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.75 billion, a PE ratio of -22.86 and a beta of 0.85. The business has a fifty day moving average price of $2.77 and a 200 day moving average price of $3.20.

Lufax (NYSE:LU - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The business had revenue of $789.93 million during the quarter. During the same quarter in the prior year, the company earned $0.04 earnings per share. Research analysts expect that Lufax Holding Ltd will post -0.09 earnings per share for the current fiscal year.

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.