Zacks Research Upgrades Lufax (NYSE:LU) to Hold

Lufax (NYSE:LU) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on LU. JPMorgan Chase & Co. initiated coverage on Lufax in a research report on Friday, April 17th. They issued a “neutral” rating and a $2.00 price objective for the company. Wall Street Zen lowered Lufax from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $2.00.

Lufax Stock Performance

Shares of LU opened at $1.90 on Tuesday. The stock has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $2.62. Lufax has a 52-week low of $1.73 and a 52-week high of $4.57. The firm has a market capitalization of $1.64 billion, a PE ratio of -2.43 and a beta of 0.76.

Lufax (NYSE:LU) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($1.19) earnings per share (EPS) for the quarter. The company had revenue of $724.89 million during the quarter.

Hedge Funds Weigh In On Lufax

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Lufax by 11.5% during the 4th quarter. Hsbc Holdings PLC now owns 79,547 shares of the company’s stock worth $204,000 after acquiring an additional 8,194 shares during the last quarter. Virtu Financial LLC acquired a new position in Lufax during the 4th quarter worth approximately $96,000. XTX Topco Ltd acquired a new position in Lufax during the 4th quarter worth approximately $246,000. Millennium Management LLC boosted its position in Lufax by 529.8% during the 4th quarter. Millennium Management LLC now owns 259,472 shares of the company’s stock worth $664,000 after acquiring an additional 218,275 shares during the last quarter. Finally, Amundi boosted its position in Lufax by 44.4% during the 4th quarter. Amundi now owns 93,820 shares of the company’s stock worth $240,000 after acquiring an additional 28,842 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Trending Headlines about Lufax

Here are the key news stories impacting Lufax this week:

• Negative Sentiment: A class action was publicly asserted alleging Lufax concealed auditor “red flags” and related misconduct; the notice frames potential securities-fraud claims covering purchases from April 7, 2023 through January 26, 2025. This is the core allegation driving the litigation risk. Read More.
• Negative Sentiment: National plaintiffs’ firms (e.g., Berger Montague) are notifying investors of a May 20, 2026 deadline to seek lead-plaintiff status; consolidation of multiple firm actions or appointment of a lead plaintiff can accelerate litigation and settlement timelines. Read More.
• Negative Sentiment: Multiple additional firms (Bragar Eagel & Squire, Faruqi & Faruqi, Hagens Berman, Rosen, Pomerantz, Glancy, Bernstein Liebhard, Schall, and others) have either filed or issued client/ deadline alerts—signaling broad plaintiff interest and likely sustained media/legal attention. This increases the chance of follow-on filings and settlement pressure. Read More.
• Negative Sentiment: One of the recurring factual themes in the notices is that an auditor raised red flags and was later fired—allegations that, if substantiated, could strengthen plaintiffs’ claims and increase potential exposure for Lufax. Expect litigation to be a headline driver for LU while matters proceed. Read More.

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.