Barclays PLC Has $15.13 Million Position in Futu Holdings Limited (NASDAQ:FUTU)

Barclays PLC grew its position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 87.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,188 shares of the company's stock after buying an additional 88,125 shares during the quarter. Barclays PLC owned approximately 0.14% of Futu worth $15,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after acquiring an additional 411 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after purchasing an additional 482 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Futu by 15,200.0% in the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after purchasing an additional 760 shares in the last quarter. GAMMA Investing LLC raised its position in Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after purchasing an additional 184 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after buying an additional 146 shares in the last quarter.

Futu Price Performance

Shares of Futu stock traded down $6.99 on Friday, hitting $86.91. 2,956,019 shares of the company's stock traded hands, compared to its average volume of 3,030,387. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88. The stock has a market capitalization of $11.97 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. The firm's 50-day moving average price is $100.87 and its two-hundred day moving average price is $94.91.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FUTU. UBS Group lifted their target price on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.

Futu Profile

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.