Futu Holdings Limited Sponsored ADR (FUTU) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Four of six analysts rate Futu Holdings a hold and two rate it a buy, with an average 12-month price target of $139.91.
• Futu exceeded quarterly expectations: The company reported earnings of $3.33 per share versus the $2.98 consensus estimate, while revenue of $852.66 million topped expectations of $786.07 million.
• Shares trade below the analyst target: Futu opened at $113.71, with a market capitalization of $15.94 billion and a 12-month trading range of $80.50 to $202.53.

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Get Free Report) have earned an average recommendation of "Hold" from the six research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $139.91.

A number of brokerages have recently commented on FUTU. Wall Street Zen raised shares of Futu from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Weiss Ratings restated a "hold (c+)" rating on shares of Futu in a research report on Friday, September 25th. Finally, Zacks Research raised Futu from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th.

Institutional Investors Weigh In On Futu

• Futu Holdings NASDAQ: FUTU Stock: Is the Chinese Fintech Company a Buy?

A number of hedge funds and other institutional investors have recently bought and sold shares of FUTU. Rockefeller Capital Management L.P. boosted its position in Futu by 59.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company's stock worth $37,000 after purchasing an additional 84 shares in the last quarter. USS Investment Management Ltd increased its position in shares of Futu by 0.7% in the first quarter. USS Investment Management Ltd now owns 13,631 shares of the company's stock valued at $1,865,000 after buying an additional 94 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. increased its position in shares of Futu by 1.1% in the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 9,714 shares of the company's stock valued at $1,595,000 after buying an additional 102 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Futu by 3.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,482 shares of the company's stock worth $613,000 after buying an additional 166 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Futu during the 1st quarter worth $25,000.

Futu Price Performance

Shares of Futu stock opened at $113.71 on Friday. The firm's fifty day simple moving average is $112.95 and its 200-day simple moving average is $117.79. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.21 and a beta of 0.45. Futu has a 12 month low of $80.50 and a 12 month high of $202.53.

Futu (NASDAQ:FUTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported $3.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.35. Futu had a net margin of 42.95% and a return on equity of 28.20%. The firm had revenue of $852.66 million during the quarter, compared to analysts' expectations of $786.07 million. Analysts anticipate that Futu will post 9.47 earnings per share for the current year.

About Futu

Futu Holdings Limited is a technology-driven financial services company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools designed to help individual investors access securities markets, manage portfolios and obtain investment information.

Its principal platforms include Futubull and Moomoo, which offer services such as stock and exchange-traded fund trading, margin financing, market data, research, news, portfolio management and investor education.

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