Baillie Gifford & Co. Has $34.13 Million Stock Holdings in Lufax Holding Ltd. Sponsored ADR $LU

Baillie Gifford & Co. decreased its position in Lufax Holding Ltd. Sponsored ADR (NYSE:LU) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,407,296 shares of the company’s stock after selling 879,908 shares during the quarter. Baillie Gifford & Co. owned 0.97% of Lufax worth $34,134,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LU. Vanguard Personalized Indexing Management LLC acquired a new position in Lufax in the second quarter valued at about $28,000. May Hill Capital LLC acquired a new position in shares of Lufax in the 2nd quarter worth approximately $34,000. Hudson Bay Capital Management LP bought a new stake in Lufax during the 2nd quarter worth approximately $58,000. Headlands Technologies LLC increased its holdings in 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 purchasing an additional 19,126 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Lufax by 14.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 40,140 shares of the company’s stock valued at $112,000 after purchasing an additional 5,043 shares during the last quarter. 69.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lufax in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lufax Stock Performance

Shares of LU opened at $2.68 on Friday. The business’s fifty day moving average price is $2.61 and its two-hundred day moving average price is $2.94. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -3.47 and a beta of 0.60. Lufax Holding Ltd. Sponsored ADR has a 52 week low of $2.25 and a 52 week high of $4.57.

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.