Quadrature Capital Ltd Acquires Shares of 442,054 Lufax Holding Ltd (NYSE:LU)

Quadrature Capital Ltd acquired a new stake in shares of Lufax Holding Ltd (NYSE:LU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 442,054 shares of the company’s stock, valued at approximately $1,865,000. Quadrature Capital Ltd owned about 0.08% of Lufax as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in shares of Lufax by 98.9% in the first quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock worth $51,019,000 after buying an additional 6,012,562 shares in the last quarter. Yunqi Capital Ltd lifted its holdings in shares of Lufax by 39.4% in the first quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company’s stock worth $29,931,000 after buying an additional 2,002,873 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Lufax by 5,000.2% in the first quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock worth $12,798,000 after buying an additional 2,976,693 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Lufax by 2,280.1% in the fourth quarter. Nomura Holdings Inc. now owns 883,009 shares of the company’s stock worth $2,711,000 after buying an additional 845,909 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Lufax in the first quarter worth approximately $2,649,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Price Performance

Shares of LU stock traded up $0.19 during trading on Friday, hitting $2.94. The company had a trading volume of 2,015,582 shares, compared to its average volume of 4,320,495. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average is $2.96 and its two-hundred day moving average is $3.26. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -21.00, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. Lufax Holding Ltd has a 52 week low of $2.00 and a 52 week high of $7.64.

Lufax Company Profile

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.