Investors Purchase High Volume of Call Options on Lufax (NYSE:LU)

Lufax Holding Ltd. Sponsored ADR (NYSE:LU) was the target of some unusual options trading activity on Friday. Stock investors bought 3,306 call options on the company. This is an increase of approximately 491% compared to the average volume of 559 call options.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Lufax from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Lufax

A number of large investors have recently added to or reduced their stakes in LU. Scientech Research LLC purchased a new stake in Lufax during the 3rd quarter worth $46,000. Hudson Bay Capital Management LP purchased a new position in Lufax in the 2nd quarter valued at about $58,000. Headlands Technologies LLC boosted its position in Lufax by 245.1% in the 2nd quarter. Headlands Technologies LLC now owns 26,928 shares of the company’s stock valued at $75,000 after buying an additional 19,126 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Lufax by 26.1% during the third quarter. Profund Advisors LLC now owns 31,714 shares of the company’s stock valued at $129,000 after acquiring an additional 6,565 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Lufax during the fourth quarter valued at about $96,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Lufax Stock Performance

Lufax stock opened at $2.25 on Friday. The firm has a market capitalization of $1.95 billion, a PE ratio of -2.88 and a beta of 0.64. Lufax has a one year low of $2.22 and a one year high of $4.57. The stock’s 50 day moving average price is $2.66 and its 200 day moving average price is $2.88.

Lufax (NYSE:LU) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($1.19) earnings per share (EPS) for the quarter. The business had revenue of $724.89 million for the quarter. On average, analysts forecast that Lufax will post -0.41 earnings per share for the current fiscal year.

Lufax Company Profile

Lufax (NYSE: LU) is a leading provider of online wealth management and personal finance services in China. Established in 2011 as a spin-off from Ping An Insurance (Group) Company of China, Lufax has developed a digital ecosystem designed to match retail and institutional investors with a diverse array of financial products. The company went public on the New York Stock Exchange in October 2020, underscoring its ambition to expand beyond its domestic market.

The firm’s core business activities include peer-to-peer lending, consumer finance, supply chain and small-business lending, as well as online asset management.