Handelsbanken Fonder AB Sells 32,200 Shares of Lufax Holding Ltd (NYSE:LU)

Handelsbanken Fonder AB lowered its position in Lufax Holding Ltd (NYSE:LU) by 68.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,825 shares of the company’s stock after selling 32,200 shares during the period. Handelsbanken Fonder AB’s holdings in Lufax were worth $44,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LU. Catalyst Funds Management Pty Ltd grew its holdings in Lufax by 999.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 888,000 shares of the company’s stock valued at $2,122,000 after purchasing an additional 807,200 shares during the period. Millennium Management LLC grew its holdings in Lufax by 56.2% during the fourth quarter. Millennium Management LLC now owns 580,890 shares of the company’s stock valued at $1,388,000 after purchasing an additional 209,117 shares during the period. Norges Bank bought a new stake in Lufax during the fourth quarter valued at about $4,221,000. Northern Trust Corp grew its holdings in Lufax by 110.7% during the fourth quarter. Northern Trust Corp now owns 523,084 shares of the company’s stock valued at $1,250,000 after purchasing an additional 274,808 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Lufax during the fourth quarter valued at about $380,000. Institutional investors own 69.14% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered Lufax from a “hold” rating to a “sell” rating in a report on Tuesday, April 29th.

Lufax Stock Up 2.7%

Shares of Lufax stock opened at $2.88 on Tuesday. The stock’s 50-day simple moving average is $2.82 and its 200-day simple moving average is $2.74. Lufax Holding Ltd has a 52 week low of $2.13 and a 52 week high of $4.15. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -3.73 and a beta of 0.71.

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.