QRG Capital Management Inc. Sells 9,733 Shares of Lufax Holding Ltd. Sponsored ADR $LU

QRG Capital Management Inc. lowered its stake in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU) by 41.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 13,978 shares of the company’s stock after selling 9,733 shares during the quarter. QRG Capital Management Inc.’s holdings in Lufax were worth $39,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Lufax by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,343,505 shares of the company’s stock valued at $3,990,000 after acquiring an additional 8,236 shares during the period. Acadian Asset Management LLC lifted its stake in Lufax by 163.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,168,650 shares of the company’s stock valued at $15,335,000 after acquiring an additional 3,206,645 shares during the period. First Beijing Investment Ltd bought a new position in Lufax during the 1st quarter valued at about $13,046,000. Caxton Associates LLP bought a new position in Lufax during the 1st quarter valued at about $2,710,000. Finally, Tiger Pacific Capital LP lifted its stake in Lufax by 71.7% during the 1st quarter. Tiger Pacific Capital LP now owns 6,757,978 shares of the company’s stock valued at $20,071,000 after acquiring an additional 2,821,316 shares during the period. Institutional investors own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Lufax in a report on Wednesday, October 8th. Wall Street Zen raised shares of Lufax from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lufax currently has an average rating of “Sell” and a consensus price target of $3.20.

Lufax Trading Down 7.9%

NYSE LU opened at $3.62 on Monday. Lufax Holding Ltd. Sponsored ADR has a 12 month low of $2.22 and a 12 month high of $4.57. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -4.70 and a beta of 0.76. The company’s 50 day moving average is $3.22 and its two-hundred day moving average is $2.96.

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.