Lufax Holding Ltd (NYSE: LU – Get a rating) benefited from significant growth in short-term interest in June. As of June 15, there were short interests totaling 20,120,000 shares, a growth of 29.7% from the total of 15,510,000 shares as of May 31. Based on an average daily volume of 9,080,000 shares, the short interest rate is currently 2.2 days.
Several large investors have recently bought and sold shares of the company. Capital Research Global Investors increased its stake in Lufax shares by 2.2% during the 4th quarter. Capital Research Global Investors now owns 56,801,759 shares of the company worth $319,794,000 after purchasing an additional 1,205,276 shares during the period. Capital World Investors increased its stake in Lufax by 6.3% in the first quarter. Capital World Investors now owns 56,470,472 shares of the company valued at $314,541,000 after acquiring 3,341,655 additional shares in the last quarter. BlackRock Inc. increased its stake in Lufax by 1,298.8% in Q1. BlackRock Inc. now owns 28,468,748 shares of the company valued at $158,571,000 after acquiring an additional 26,433,557 shares in the last quarter. Baillie Gifford & Co. increased its stake in Lufax by 34.6% in the 4th quarter. Baillie Gifford & Co. now owns 26,496,135 shares of the company valued at $149,173,000 after acquiring an additional 6,812,317 shares in the last quarter. Finally, Farallon Capital Management LLC increased its stake in Lufax by 15.9% in the 1st quarter. Farallon Capital Management LLC now owns 22,034,399 shares of the company valued at $122,732,000 after acquiring an additional 3,015,000 shares in the last quarter. 24.59% of the shares are currently held by institutional investors and hedge funds.
Several research analysts have commented on LU shares. Macquarie cut Lufax shares from an “outperform” rating to a “neutral” rating and set a price target of $5.00 for the company. in a report on Wednesday, March 9. CICC Research began covering Lufax shares in a Monday, May 9 report. They set an “outperform” rating for the company. Three research analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.45.
LU stock traded down $0.21 on Friday, hitting $6.21. The company’s shares had a trading volume of 7,834,595 shares, compared to an average volume of 10,411,397. The company has a 50-day moving average of $5.89 and a two-hundred-day moving average of 5 $.68. Lufax has a 1-year low of $4.09 and a 1-year high of $11.22. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 5.75, a growth price-to-earnings ratio of 0.63 and a beta of -0.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt ratio of 0.12.
Lufax (NYSE:LU- Get a rating) last released its quarterly results on Wednesday, May 25. The company reported EPS of $0.34 for the quarter, beating the consensus estimate of $0.31 by $0.03. The company posted revenue of $2.73 billion in the quarter, versus a consensus estimate of $2.57 billion. Lufax had a net margin of 26.75% and a return on equity of 18.65%. In the same quarter of the previous year, the company achieved EPS of $0.30. As a group, equity analysts expect Lufax to post EPS of 0.96 for the current fiscal year.
Lufax Company Profile (Get a rating)
Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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