Futu Holdings Limited Sponsored ADR (FUTU) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is broadly neutral: Six firms rate Futu “Hold” (four holds, two buys), with an average 1-year price target of $139.91. Recent rating changes mostly moved the stock toward Hold.
• Futu beat quarterly estimates, reporting EPS of $3.33 versus $2.98 expected and revenue of $852.66 million versus $786.07 million expected.
• Several institutional investors added to or initiated Futu positions in the third quarter. The stock opened at $102.61, below its 50-day average of $111.08 and 200-day average of $124.90.

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Get Free Report) has been given a consensus rating of "Hold" by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $139.91.

Several analysts recently issued reports on FUTU shares. Zacks Research upgraded Futu from a "strong sell" rating to a "hold" rating in a report on Monday, July 27th. Weiss Ratings lowered Futu from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Finally, Wall Street Zen upgraded Futu from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd.

Institutional Trading of Futu

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

Several large investors have recently bought and sold shares of FUTU. Kestra Advisory Services LLC raised its holdings in Futu by 4.7% in the third quarter. Kestra Advisory Services LLC now owns 6,358 shares of the company's stock valued at $703,000 after acquiring an additional 284 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Futu in the 3rd quarter worth about $362,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Futu by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 286,114 shares of the company's stock worth $31,630,000 after purchasing an additional 3,058 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Futu in the 3rd quarter worth about $2,577,000. Finally, Profund Advisors LLC lifted its position in shares of Futu by 3.1% during the third quarter. Profund Advisors LLC now owns 4,028 shares of the company's stock worth $445,000 after purchasing an additional 123 shares during the last quarter.

Futu Price Performance

Futu stock opened at $102.61 on Wednesday. The stock's 50-day moving average is $111.08 and its 200-day moving average is $124.90. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.02 and a beta of 0.71. Futu has a 12 month low of $80.50 and a 12 month high of $192.26.

Futu (NASDAQ:FUTU - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.35. Futu had a net margin of 42.95% and a return on equity of 28.20%. The business had revenue of $852.66 million for the quarter, compared to analyst estimates of $786.07 million. Research analysts anticipate that Futu will post 9.42 EPS for the current year.

About Futu

Futu Holdings Limited is a technology-driven financial services company that operates online brokerage and wealth management platforms. Through its Futubull and moomoo applications, the company provides investors with access to securities trading, market data, news, analysis tools, and other digital investing services.

Futu's platforms support trading and investment-related services across products such as equities, exchange-traded funds, options, futures, and other securities, subject to local regulations.

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