Goldman Sachs Group Inc. boosted its holdings in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU – Free Report) by 0.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,343,505 shares of the company’s stock after buying an additional 8,236 shares during the period. Goldman Sachs Group Inc.’s holdings in Lufax were worth $3,990,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its stake in Lufax by 163.4% during the first quarter. Acadian Asset Management LLC now owns 5,168,650 shares of the company’s stock valued at $15,335,000 after buying an additional 3,206,645 shares during the period. First Beijing Investment Ltd bought a new stake in Lufax during the first quarter valued at $13,046,000. Caxton Associates LLP bought a new stake in Lufax during the first quarter valued at $2,710,000. Tiger Pacific Capital LP boosted its stake in Lufax by 71.7% during the first quarter. Tiger Pacific Capital LP now owns 6,757,978 shares of the company’s stock valued at $20,071,000 after buying an additional 2,821,316 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Lufax by 32.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 604,823 shares of the company’s stock valued at $1,796,000 after buying an additional 148,724 shares during the period. Institutional investors own 69.14% of the company’s stock.
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Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Lufax from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $3.20.
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Lufax Trading Up 6.1%
LU opened at $3.15 on Thursday. The company has a market cap of $2.73 billion, a P/E ratio of -4.09 and a beta of 0.69. The business’s 50-day moving average price is $2.91 and its 200-day moving average price is $2.88. Lufax Holding Ltd. Sponsored ADR has a 12 month low of $2.21 and a 12 month high of $4.15.
About Lufax
(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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