<div id="readability-page-1"><p>Norges Bank purchased a new position in  Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,766,041 shares of the company's stock, valued at approximately $4,927,000. Norges Bank owned about 0.20% of Lufax as of its most recent SEC filing.</p><ul><li>SoFi Technologies: From Fintech Speculation to Profit Engine</li></ul><p>A number of other large investors have also recently made changes to their positions in LU. Nuveen LLC bought a new position in  Lufax in the 1st quarter valued at $14,432,000.  First Beijing Investment Ltd bought a new position in shares of  Lufax in the first quarter worth about $13,046,000.  Acadian Asset Management LLC grew its stake in  Lufax by 163.4% in the first quarter. Acadian Asset Management LLC now owns 5,168,650 shares of the company's stock worth $15,335,000 after purchasing an additional 3,206,645 shares in the last quarter.  Yunqi Capital Ltd increased its holdings in  Lufax by 42.3% during the 2nd quarter. Yunqi Capital Ltd now owns 10,098,040 shares of the company's stock worth $28,174,000 after purchasing an additional 3,000,000 shares during the period.  Finally, Tiger Pacific Capital LP increased its holdings in  Lufax by 71.7% during the 1st quarter. Tiger Pacific Capital LP now owns 6,757,978 shares of the company's stock worth $20,071,000 after purchasing an additional 2,821,316 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>Separately, Weiss Ratings  reiterated a &#34;sell (d)&#34; rating on shares of Lufax in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating,  Based on data from MarketBeat.com, Lufax currently has a consensus rating of &#34;Sell&#34;.</p><ul><li>Palantir Breaks Out: Why PLTR Stock May Rally Into Year-End</li></ul><p><b>Check Out Our Latest Stock Report on Lufax</b></p><h2>Lufax Stock Down 0.9%</h2><p>Shares of LU stock opened at $2.63 on Wednesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -3.41 and a beta of 0.57. Lufax Holding Ltd. Sponsored ADR has a 52-week low of $2.25 and a 52-week high of $4.57. The company's 50 day moving average is $3.05 and its 200 day moving average is $2.99. </p><h2>Lufax Company Profile</h2> (Free Report)<ul><li>3 Travel Stocks to Watch Heading Into the Holidays</li></ul><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Lufax</li><li>3 Tickers Leading a Meme Stock Revival</li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li><li>5 Top Rated Dividend Stocks to Consider</li><li>10X Gains? These 3 Robotics Stocks Could Explode by 2035</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>Anheuser-Busch Buys BeatBox to Win Over Younger Drinkers</li></ul><p><strong>Want to see what other hedge funds are holding LU?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxV?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxV"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Lufax Right Now?</h2><p>Before you consider Lufax, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lufax wasn't on the list.</p><p>While Lufax currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Norges Bank acquired 1,766,041 shares of Lufax Holding Ltd. Sponsored ADR, valued at approximately $4.93 million, in the second quarter. This purchase represents about 0.20% ownership of Lufax. Other investors have also adjusted their positions in Lufax, with a significant portion of the stock owned by hedge funds and institutional investors. Despite these investments, Lufax currently holds a 'Sell' rating from analysts.</p>

Norges Bank Takes $4.93 Million Position in Lufax Holding Ltd. Sponsored ADR $LU