Baillie Gifford & Co. Boosts Stake in Lufax Holding Ltd (NYSE:LU)

Baillie Gifford & Co. increased its holdings in Lufax Holding Ltd (NYSE:LU) by 98.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,089,786 shares of the company’s stock after acquiring an additional 6,012,562 shares during the quarter. Baillie Gifford & Co. owned approximately 2.11% of Lufax worth $51,019,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Lufax in the 1st quarter valued at approximately $60,000. PFG Investments LLC acquired a new stake in Lufax during the first quarter worth about $76,000. Diversified Trust Co bought a new position in shares of Lufax during the first quarter valued at approximately $92,000. DGS Capital Management LLC acquired a new stake in shares of Lufax during the 1st quarter worth approximately $111,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Lufax by 663.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock worth $133,000 after acquiring an additional 109,362 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Lufax Stock Performance

LU stock remained flat at $2.95 during mid-day trading on Friday. 5,015,088 shares of the company’s stock were exchanged, compared to its average volume of 5,217,241. Lufax Holding Ltd has a 52 week low of $2.00 and a 52 week high of $7.64. The stock has a 50-day moving average of $3.48 and a two-hundred day moving average of $3.26. The stock has a market capitalization of $1.69 billion, a P/E ratio of -21.04, a P/E/G ratio of 0.40 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70.

Lufax (NYSE:LU) last issued its quarterly earnings results on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.28). Lufax had a negative net margin of 2.17% and a negative return on equity of 0.72%. The company had revenue of $964.47 million during the quarter. Equities research analysts expect that Lufax Holding Ltd will post 0.21 earnings per share for the current 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.