Lufax Holding Ltd. Sponsored ADR (NYSE:LU – Get Free Report) shares saw unusually-high trading volume on Wednesday. Approximately 304,975 shares changed hands during mid-day trading, an increase of 115% from the average daily volume of 142,091 shares. The stock last traded at $8.3350 and had previously closed at $8.16.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on LU. Deutsche Bank Aktiengesellschaft set a $14.00 price target on shares of Lufax and gave the company a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings restated a “sell (d)” rating on shares of Lufax in a report on Thursday, August 13th. JPMorgan Chase & Co. raised shares of Lufax from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 28th. Zacks Research upgraded shares of Lufax from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, Wall Street Zen downgraded shares of Lufax from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.
Check Out Our Latest Research Report on Lufax
Lufax Stock Up 6.7%
The company has a market capitalization of $798.39 million, a PE ratio of -1.50 and a beta of 0.80. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $10.58 and a 200 day moving average of $16.85.
Lufax (NYSE:LU – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $10.81 by ($11.08). The firm had revenue of $921.68 million for the quarter, compared to analyst estimates of $2.22 billion. Equities research analysts anticipate that Lufax Holding Ltd. Sponsored ADR will post -1.44 EPS for the current year.
Hedge Funds Weigh In On Lufax
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. StoneX Group Inc. acquired a new stake in shares of Lufax in the third quarter valued at $47,000. Asset Management One Co. Ltd. grew its stake in Lufax by 8.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 37,853 shares of the company’s stock worth $46,000 after purchasing an additional 2,994 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Lufax during the 2nd quarter worth $60,000. Public Employees Retirement System of Ohio acquired a new position in Lufax during the 2nd quarter worth $157,000. Finally, Ramsey Quantitative Systems purchased a new stake in Lufax during the 2nd quarter worth about $199,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.
Lufax Company Profile
Lufax Holding Ltd. (NYSE: LU) is a China-based financial services technology company that operates digital platforms for retail and small-business finance. The company connects consumers and small-business owners with financial products and services through online channels and technology-enabled processes.
Lufax’s business has historically included retail lending, wealth management and related financial services. Its platforms have provided access to consumer and small-business loans, investment products and other services offered in cooperation with financial institutions.
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