MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 26,563 shares of the company's stock, valued at approximately $2,719,000.
A number of other large investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in shares of Futu by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock worth $358,000 after purchasing an additional 87 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Futu by 1.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after purchasing an additional 113 shares during the last quarter. Rhumbline Advisers raised its position in Futu by 0.6% during the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock valued at $1,842,000 after purchasing an additional 144 shares during the last quarter. Vestcor Inc lifted its holdings in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after buying an additional 146 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Futu by 1.6% in the 4th quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock worth $764,000 after buying an additional 153 shares during the last quarter.
Analysts Set New Price Targets
A number of brokerages recently commented on FUTU. Bank of America upped their target price on Futu from $123.70 to $143.90 and gave the company a "buy" rating in a report on Wednesday, June 11th. UBS Group boosted their price objective on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of 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 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 $131.98.
Read Our Latest Report on Futu
Futu Trading Up 0.4%
NASDAQ:FUTU traded up $0.47 on Wednesday, reaching $122.16. 1,341,998 shares of the stock traded hands, compared to its average volume of 2,767,453. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.98 and a beta of 0.58. Futu Holdings Limited Sponsored ADR has a 12 month low of $51.80 and a 12 month high of $130.88. The company's fifty day simple moving average is $100.59 and its 200 day simple moving average is $98.05.
Futu (NASDAQ:FUTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.01. The firm had revenue of $603.43 million for the quarter, compared to the consensus estimate of $594.86 million. Futu had a return on equity of 23.07% and a net margin of 41.74%. Equities analysts anticipate that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.
Futu Company Profile
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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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