Lufax Holding Ltd (NYSE:LU – Get Free Report) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 9,190,000 shares, a decline of 71.9% from the November 30th total of 32,750,000 shares. Based on an average trading volume of 6,720,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.6% of the shares of the company are short sold.
Institutional Trading of Lufax
Institutional investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Lufax by 2.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,871 shares of the company’s stock valued at $623,000 after acquiring an additional 2,871 shares during the period. Principal Financial Group Inc. raised its holdings in Lufax by 6.7% during the fourth quarter. Principal Financial Group Inc. now owns 70,798 shares of the company’s stock worth $137,000 after purchasing an additional 4,455 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Lufax by 1,344.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock worth $31,000 after purchasing an additional 5,299 shares in the last quarter. California State Teachers Retirement System grew its holdings in Lufax by 2.9% in the third quarter. California State Teachers Retirement System now owns 197,928 shares of the company’s stock valued at $503,000 after purchasing an additional 5,628 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Lufax by 275.7% in the second quarter. American International Group Inc. now owns 8,266 shares of the company’s stock valued at $50,000 after buying an additional 6,066 shares in the last quarter. Hedge funds and other institutional investors own 17.40% of the company’s stock.
Lufax Price Performance
Shares of Lufax stock traded up $0.22 during trading on Thursday, reaching $3.01. The company’s stock had a trading volume of 6,414,750 shares, compared to its average volume of 3,942,803. The business has a 50 day moving average price of $3.60 and a 200-day moving average price of $4.80. Lufax has a 12-month low of $2.77 and a 12-month high of $13.28. The company has a market capitalization of $1.73 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.14 and a beta of 0.71. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.
Lufax (NYSE:LU – Get Free Report) last issued its earnings results on Monday, November 13th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.16). Lufax had a return on equity of 0.93% and a net margin of 2.23%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.16 billion. As a group, sell-side analysts anticipate that Lufax will post 0.63 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, CLSA reduced their target price on shares of Lufax from $10.80 to $5.60 in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.22.
Lufax Company Profile
Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. The company offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.