Man Group plc purchased a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 317,917 shares of the company's stock, valued at approximately $25,430,000. Man Group plc owned about 0.23% of Futu as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after purchasing an additional 197 shares during the last quarter. Rakuten Securities Inc. grew its position in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after purchasing an additional 482 shares during the period. Assetmark Inc. raised its stake in shares of Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after buying an additional 760 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in shares of Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after buying an additional 146 shares during the period.
Futu Stock Down 1.1%
Shares of NASDAQ FUTU traded down $1.21 during mid-day trading on Wednesday, hitting $108.82. 787,107 shares of the company were exchanged, compared to its average volume of 2,827,186. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The stock has a 50 day simple moving average of $96.84 and a 200-day simple moving average of $95.41.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. UBS Group increased their price target on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.20.
View Our Latest Stock Analysis on FUTU
About Futu
(
Free Report)
Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.
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