5 Best Stocks Under $20 According to British Billionaire Chris Rokos

3. Lufax Holding Ltd (NYSE:LU)

Rokos’ Stake Value: $11,300,000

Percentage of Rokos’ 13F Portfolio: 0.22%

Number of Hedge Fund Holders: 19

The third stock on our list of the 5 best stocks under $20 according to British billionaire Chris Rokos is Lufax Holding Ltd (NYSE:LU), which is yet another Chinese company providing a financial services platform that primarily deals with wealth management and retail credit facilitation. The company was founded in 2005, and has a market cap of $17.581 billion. 

Rokos Capital Management owns 1 million shares in Lufax Holding Ltd (NYSE:LU), amounting to $11.3 million, and making up 0.22% of Rokos’ 13F portfolio. 

At the end of the second quarter of 2021, 19 hedge funds in Insider Monkey’s database held stakes worth $357.8 million, up from 9 in the previous quarter with stakes amounting to $208.1 million. 

The company reported earnings per share of $0.29 on August 9, beating analysts’ consensus estimates of $0.24 by $0.05. The actual revenue for Lufax Holding Ltd (NYSE:LU) was $2.29 billion, missing analysts’ estimates by $18.99 million.

On August 11, Morgan Stanley maintained an Overweight rating on Lufax Holding Ltd (NYSE:LU), raising the price target to $13.5 from $7.05. 

Out of the hedge funds tracked by Insider Monkey, the San Francisco-based Farallon Capital is the leading shareholder in Lufax Holding Ltd (NYSE:LU) with more than 11.3 million shares amounting to $127.9 million.