Lufax Holding Ltd. Sponsored ADR $LU is Yunqi Capital Ltd’s 3rd Largest Position

Yunqi Capital Ltd boosted its stake in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU) by 42.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,098,040 shares of the company’s stock after acquiring an additional 3,000,000 shares during the period. Lufax accounts for approximately 20.1% of Yunqi Capital Ltd’s portfolio, making the stock its 3rd biggest position. Yunqi Capital Ltd’s holdings in Lufax were worth $28,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LU. Tiger Pacific Capital LP increased its stake in shares of Lufax by 71.7% during the first quarter. Tiger Pacific Capital LP now owns 6,757,978 shares of the company’s stock worth $20,071,000 after buying an additional 2,821,316 shares during the period. Acadian Asset Management LLC grew its holdings in Lufax by 163.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,168,650 shares of the company’s stock worth $15,335,000 after acquiring an additional 3,206,645 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lufax by 19.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,011,130 shares of the company’s stock valued at $14,883,000 after purchasing an additional 805,292 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Lufax during the 1st quarter worth $14,432,000. Finally, First Beijing Investment Ltd acquired a new position in shares of Lufax during the first quarter worth $13,046,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Lufax Price Performance

LU stock opened at $2.83 on Friday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -3.67 and a beta of 0.75. The company has a fifty day moving average price of $3.33 and a 200 day moving average price of $3.03. Lufax Holding Ltd. Sponsored ADR has a 12 month low of $2.22 and a 12 month high of $4.57.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LU. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lufax in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Lufax from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, Lufax has a consensus rating of “Sell”.

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.