Daiwa Securities Group Inc. Boosts Stock Holdings in OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)

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Daiwa Securities Group Inc. raised its holdings in shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFTGet Rating) by 45.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,265 shares of the company’s stock after acquiring an additional 16,718 shares during the period. Daiwa Securities Group Inc.’s holdings in OneConnect Financial Technology were worth $75,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Krane Funds Advisors LLC purchased a new stake in OneConnect Financial Technology during the fourth quarter valued at about $8,268,000. Bridgewater Associates LP raised its stake in shares of OneConnect Financial Technology by 23.1% during the fourth quarter. Bridgewater Associates LP now owns 998,213 shares of the company’s stock valued at $2,466,000 after acquiring an additional 187,103 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of OneConnect Financial Technology by 241.9% during the fourth quarter. Rafferty Asset Management LLC now owns 922,187 shares of the company’s stock valued at $2,278,000 after acquiring an additional 652,445 shares during the last quarter. National Bank of Canada FI bought a new position in shares of OneConnect Financial Technology during the fourth quarter valued at about $1,363,000. Finally, SG Americas Securities LLC raised its stake in shares of OneConnect Financial Technology by 636.1% during the fourth quarter. SG Americas Securities LLC now owns 344,514 shares of the company’s stock valued at $851,000 after acquiring an additional 297,709 shares during the last quarter. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

OneConnect Financial Technology Trading Down 3.9 %

Shares of NYSE:OCFT opened at $1.49 on Wednesday. The company has a market cap of $581.09 million, a price-to-earnings ratio of -2.76 and a beta of 0.09. The company has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.59. OneConnect Financial Technology Co., Ltd. has a 12 month low of $0.99 and a 12 month high of $8.47.

OneConnect Financial Technology (NYSE:OCFTGet Rating) last issued its quarterly earnings data on Wednesday, May 25th. The company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $160.51 million during the quarter, compared to the consensus estimate of $138.62 million. OneConnect Financial Technology had a negative net margin of 29.89% and a negative return on equity of 31.20%. During the same period in the prior year, the firm posted ($0.13) earnings per share. As a group, research analysts forecast that OneConnect Financial Technology Co., Ltd. will post -0.46 EPS for the current fiscal year.

OneConnect Financial Technology Company Profile

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OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People’s Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services.

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