Lufax (NYSE:LU) Shares Down 3.3% – Here’s What Happened

Lufax Holding Ltd (NYSE:LU) shares traded down 3.3% during mid-day trading on Thursday . The stock traded as low as $3.07 and last traded at $3.09. 269,398 shares were traded during trading, a decline of 93% from the average session volume of 3,714,514 shares. The stock had previously closed at $3.19.

Lufax Stock Down 5.5 %

The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -3.92 and a beta of 0.77. The company’s 50-day moving average price is $2.76 and its 200-day moving average price is $2.69.

Institutional Trading of Lufax

Several large investors have recently made changes to their positions in LU. Mirae Asset Global Investments Co. Ltd. boosted its stake in Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after purchasing an additional 8,382 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Lufax by 230.2% during the fourth 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 last quarter. EWA LLC purchased a new stake in Lufax during the 3rd quarter valued at about $45,000. Corient Private Wealth LLC grew its stake in 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 acquiring an additional 6,445 shares in the last quarter. Finally, Soltis Investment Advisors LLC acquired a new stake in Lufax in the 3rd quarter valued at about $52,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

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.