Lufax (NYSE:LU) Upgraded at Zacks Research

Zacks Research upgraded shares of Lufax (NYSE:LU) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Lufax in a research note on Friday, April 17th. They issued a “neutral” rating and a $2.00 target price on the stock. Wall Street Zen downgraded shares of Lufax from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Lufax currently has an average rating of “Reduce” and a consensus price target of $2.00.

Lufax Stock Down 1.3%

Shares of LU stock opened at $1.87 on Tuesday. The stock has a market cap of $1.62 billion, a P/E ratio of -2.39 and a beta of 0.76. Lufax has a fifty-two week low of $1.73 and a fifty-two week high of $4.57. The business has a fifty day simple moving average of $2.22 and a 200-day simple moving average of $2.61.

Lufax (NYSE:LU) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($1.19) EPS for the quarter. The company had revenue of $724.89 million for the quarter.

Institutional Investors Weigh In On Lufax

A number of institutional investors have recently bought and sold shares of LU. Scientech Research LLC acquired a new stake in shares of Lufax during the 3rd quarter worth $46,000. Hudson Bay Capital Management LP acquired a new stake in Lufax during the 2nd quarter worth approximately $58,000. Headlands Technologies LLC lifted its holdings in shares of Lufax by 245.1% during the 2nd quarter. Headlands Technologies LLC now owns 26,928 shares of the company’s stock valued at $75,000 after acquiring an additional 19,126 shares in the last quarter. Virtu Financial LLC acquired a new stake in Lufax in the 4th quarter valued at $96,000. Finally, Profund Advisors LLC raised its position in Lufax by 26.1% in the third quarter. Profund Advisors LLC now owns 31,714 shares of the company’s stock valued at $129,000 after purchasing an additional 6,565 shares during the period. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Lufax News Summary

Here are the key news stories impacting Lufax this week:

• Neutral Sentiment: Zacks Research upgraded Lufax to “hold” (note: a modest analyst view change that may have limited positive impact). Zacks Research Upgrade
• Negative Sentiment: Hagens Berman filed a securities class action alleging investor losses tied to disclosures covering April 7, 2023–Jan 26, 2025 — formal litigation increases potential liability and investor uncertainty. INVESTOR NOTICE: Lufax Holding (LU) Investors… – PR Newswire
• Negative Sentiment: PR firms and plaintiff firms report class actions tied to alleged concealment of auditor “red flags” and removal/withdrawal of relied-upon opinions — auditor-related allegations often amplify regulatory and remediation costs. Lufax Faces Securities Class Action Amid Firing Auditor – GlobeNewswire
• Negative Sentiment: SueWallSt quantifies alleged per-share investor damages (~$0.63 over three trading days) following auditor removal — provides a near-term damage estimate that markets can use to price risk. LU Investor Alert: SueWallSt – PR Newswire
• Negative Sentiment: Multiple plaintiff firms (Bernstein Liebhard, Rosen, Bragar Eagel & Squire, Berger Montague, Levi & Korsinsky, Faruqi & Faruqi, Rosen, etc.) have issued alerts and deadlines (May 20 lead-plaintiff deadline cited) — increases likelihood of consolidated litigation and competing lead-plaintiff motions. Bernstein Liebhard LLP Shareholder Alert – GlobeNewswire

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.