Leading Securities Co Ltd Purchases New Position in Lufax Holding Ltd (NYSE:LU)

Leading Securities Co Ltd acquired a new position in shares of Lufax Holding Ltd (NYSE:LU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 191,460 shares of the company’s stock, valued at approximately $458,000. Lufax makes up approximately 1.5% of Leading Securities Co Ltd’s investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lufax by 102.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock valued at $40,000 after purchasing an additional 8,382 shares in the last quarter. EWA LLC purchased a new stake in Lufax in the 3rd quarter valued at about $45,000. Corient Private Wealth LLC lifted its position in shares of Lufax by 43.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company’s stock worth $51,000 after buying an additional 6,445 shares in the last quarter. Soltis Investment Advisors LLC purchased a new position in shares of Lufax in the 3rd quarter worth approximately $52,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Lufax by 24.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock valued at $79,000 after acquiring an additional 6,422 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Trading Down 0.8 %

Shares of LU opened at $3.05 on Thursday. The stock has a 50 day moving average of $2.83 and a 200 day moving average of $2.72. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.94. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -3.95 and a beta of 0.77.

About Lufax

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.