Lufax Holding
About: Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.
Employees: 92,380
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
1.62% less ownership
Funds ownership: 9.22% [Q1] → 7.6% (-1.62%) [Q2]
14% less funds holding
Funds holding: 128 [Q1] → 110 (-18) [Q2]
29% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 41
45% less call options, than puts
Call options by funds: $2.69M | Put options by funds: $4.87M
46% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 39
53% less capital invested
Capital invested by funds: $448M [Q1] → $211M (-$237M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Jefferies Thomas Chong 64% 1-year accuracy 7 / 11 met price target | 24%upside $3.20 | Hold Reinstated | 24 Oct 2024 |
B of A Securities Emma Xu 100% 1-year accuracy 3 / 3 met price target | 6%upside $2.75 | Neutral Maintained | 23 Aug 2024 |
Financial journalist opinion
Based on 3 articles about LU published over the past 30 days
