Caisse DE Depot ET Placement DU Quebec trimmed its position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 82.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,724 shares of the company's stock after selling 336,800 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of Futu worth $5,897,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FUTU. Arrowstreet Capital Limited Partnership purchased a new position in Futu in the fourth quarter worth $116,315,000. Norges Bank bought a new stake in shares of Futu during the 4th quarter worth $39,163,000. Candriam S.C.A. bought a new stake in shares of Futu during the 4th quarter worth $28,004,000. William Blair Investment Management LLC boosted its holdings in shares of Futu by 1,325.6% in the 4th quarter. William Blair Investment Management LLC now owns 285,120 shares of the company's stock worth $22,806,000 after buying an additional 265,120 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Futu by 236.6% during the fourth quarter. SG Americas Securities LLC now owns 374,193 shares of the company's stock valued at $29,932,000 after buying an additional 263,040 shares during the period.
Futu Trading Down 1.4 %
Shares of NASDAQ FUTU traded down $1.48 during midday trading on Friday, hitting $102.05. The company's stock had a trading volume of 948,911 shares, compared to its average volume of 2,818,744. The stock has a fifty day moving average price of $97.33 and a 200 day moving average price of $94.56. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on FUTU shares. JPMorgan Chase & Co. boosted their target price on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. UBS Group upped their price objective on 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.20.
Read Our Latest Research Report on FUTU
Futu Company Profile
(
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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