Lufax Holding Ltd. Sponsored ADR $LU Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in Lufax Holding Ltd. Sponsored ADR (NYSE:LU) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,081,461 shares of the company’s stock after selling 61,905 shares during the period. Vanguard Group Inc. owned 0.82% of Lufax worth $21,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Lufax by 56.2% in the fourth quarter. Millennium Management LLC now owns 580,890 shares of the company’s stock valued at $1,388,000 after acquiring an additional 209,117 shares in the last quarter. Northern Trust Corp raised its holdings in Lufax by 110.7% in the fourth quarter. Northern Trust Corp now owns 523,084 shares of the company’s stock valued at $1,250,000 after acquiring an additional 274,808 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Lufax in the first quarter valued at $533,000. Wellington Management Group LLP acquired a new stake in Lufax in the fourth quarter valued at $380,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Lufax by 44.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company’s stock valued at $71,000 after acquiring an additional 7,417 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Lufax from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.20.

Lufax Stock Up 0.2%

Shares of LU opened at $2.97 on Friday. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $2.87. The firm has a market capitalization of $2.57 billion, a PE ratio of -3.85 and a beta of 0.69. Lufax Holding Ltd. Sponsored ADR has a 52-week low of $2.13 and a 52-week high of $4.15.

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.