12,990 Shares in Lufax Holding Ltd (NYSE:LU) Acquired by Ewa LLC

Ewa LLC bought a new position in Lufax Holding Ltd (NYSE:LU) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,990 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. purchased a new stake in Lufax during the 2nd quarter valued at approximately $26,000. SG Americas Securities LLC purchased a new stake in Lufax during the 3rd quarter valued at approximately $66,000. SIH Partners LLLP purchased a new stake in Lufax during the 2nd quarter valued at approximately $65,000. Simplicity Wealth LLC purchased a new stake in Lufax during the 2nd quarter valued at approximately $79,000. Finally, Quantbot Technologies LP purchased a new stake in Lufax during the 3rd quarter valued at approximately $143,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LU shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.20 price objective on shares of Lufax in a report on Thursday, October 24th. Bank of America cut their price objective on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating for the company in a report on Friday, August 23rd.

Lufax Stock Performance

LU stock opened at $2.92 on Tuesday. The firm has a fifty day moving average price of $2.84 and a 200 day moving average price of $2.74. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $4.94. The firm has a market cap of $2.53 billion, a PE ratio of -3.79 and a beta of 0.85.

Lufax (NYSE:LU) last posted its earnings results on Monday, October 21st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Lufax had a negative net margin of 12.75% and a negative return on equity of 3.63%. The business had revenue of $789.93 million during the quarter. During the same period in the previous year, the business posted $0.04 earnings per share. On average, equities analysts predict that Lufax Holding Ltd will post -0.48 EPS for the current year.

Lufax Company Profile

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.