Susquehanna Fundamental Investments LLC bought a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 43,479 shares of the company's stock, valued at approximately $3,478,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its stake in Futu by 1.6% during the 4th quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock worth $764,000 after acquiring an additional 153 shares during the last quarter. Quantessence Capital LLC acquired a new stake in Futu in the fourth quarter worth $584,000. Hsbc Holdings PLC boosted its position in shares of Futu by 79.0% during the fourth quarter. Hsbc Holdings PLC now owns 365,826 shares of the company's stock worth $29,265,000 after purchasing an additional 161,443 shares in the last quarter. J. Safra Sarasin Holding AG bought a new position in shares of Futu during the fourth quarter worth $1,403,000. Finally, Stifel Financial Corp acquired a new position in shares of Futu in the 4th quarter valued at $349,000.
Wall Street Analyst Weigh In
FUTU has been the topic of several recent analyst reports. UBS Group lifted their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. raised their price target on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.20.
Check Out Our Latest Report on Futu
Futu Stock Performance
NASDAQ FUTU traded up $5.09 on Friday, reaching $98.60. The company had a trading volume of 2,114,867 shares, compared to its average volume of 2,834,491. The company's fifty day moving average is $98.03 and its 200-day moving average is $94.28. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67.
About Futu
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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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