Lufax Holding Ltd (NYSE:LU) Shares Sold by Ethic Inc.

Ethic Inc. reduced its position in Lufax Holding Ltd (NYSE:LU) by 81.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,756 shares of the company’s stock after selling 93,845 shares during the period. Ethic Inc.’s holdings in Lufax were worth $50,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after acquiring an additional 8,382 shares during the period. Pictet Asset Management Holding SA grew its stake in Lufax by 230.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company’s stock worth $41,000 after acquiring an additional 12,048 shares during the period. Corient Private Wealth LLC grew its stake in shares of Lufax by 43.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company’s stock valued at $51,000 after buying an additional 6,445 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock valued at $79,000 after buying an additional 6,422 shares during the period. Finally, Amundi grew its stake in shares of Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company’s stock valued at $133,000 after buying an additional 13,547 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Trading Up 3.3%

NYSE:LU opened at $3.02 on Monday. The firm’s fifty day simple moving average is $2.82 and its 200 day simple moving average is $2.67. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -3.92 and a beta of 0.71. Lufax Holding Ltd has a twelve month low of $2.00 and a twelve month high of $4.74.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut shares of Lufax from a “hold” rating to a “sell” rating in a research note on Tuesday, April 29th.

Lufax 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.