Ensign Peak Advisors Inc purchased a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,700 shares of the company's stock, valued at approximately $296,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after purchasing an additional 411 shares in the last quarter. Rakuten Securities Inc. lifted its position in Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares in the last quarter. Assetmark Inc. boosted its stake in Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after buying an additional 760 shares during the last quarter. Vestcor Inc grew its holdings in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after buying an additional 146 shares in the last quarter. Finally, Platinum Investment Management Ltd. acquired a new stake in shares of Futu in the 4th quarter worth $86,000.
Analysts Set New Price Targets
FUTU has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. UBS Group increased their price target on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.20.
View Our Latest Stock Report on FUTU
Futu Stock Up 0.4%
Shares of FUTU traded up $0.43 during trading on Tuesday, reaching $110.03. 1,473,711 shares of the company traded hands, compared to its average volume of 2,828,652. The stock has a market cap of $15.31 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. The stock has a 50-day simple moving average of $96.79 and a 200-day simple moving average of $95.30. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88.
About Futu
(
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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