Lufax Sees Unusually Large Options Volume (NYSE:LU)

Lufax Holding Ltd. Sponsored ADR (NYSE:LU) was the recipient of unusually large options trading on Friday. Investors purchased 3,306 call options on the stock. This represents an increase of 491% compared to the typical volume of 559 call options.

Lufax Price Performance

NYSE:LU traded up $0.05 during mid-day trading on Friday, hitting $2.28. The company’s stock had a trading volume of 1,016,329 shares, compared to its average volume of 1,387,428. The business’s fifty day moving average is $2.67 and its two-hundred day moving average is $2.89. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -2.92 and a beta of 0.64. Lufax has a 1 year low of $2.22 and a 1 year high of $4.57.

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 firm had revenue of $724.89 million during the quarter. Analysts anticipate that Lufax will post -0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Lufax from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Lufax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Lufax during the 4th quarter worth about $96,000. XTX Topco Ltd acquired a new position in Lufax in the 4th quarter worth about $246,000. Millennium Management LLC raised its holdings in Lufax by 529.8% in the 4th quarter. Millennium Management LLC now owns 259,472 shares of the company’s stock worth $664,000 after purchasing an additional 218,275 shares during the period. Amundi boosted its position in Lufax by 44.4% during the fourth quarter. Amundi now owns 93,820 shares of the company’s stock worth $240,000 after purchasing an additional 28,842 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Lufax by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 239,900 shares of the company’s stock valued at $614,000 after purchasing an additional 9,188 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.