Siemens Fonds Invest GmbH Invests $301,000 in Futu Holdings Limited (NASDAQ:FUTU)

Siemens Fonds Invest GmbH acquired a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,812 shares of the company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of Futu by 1,245.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after buying an additional 411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Futu by 77.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock worth $36,000 after buying an additional 197 shares during the period. Rakuten Securities Inc. lifted its stake in shares of 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 during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Futu during the fourth quarter worth $60,000. Finally, Assetmark Inc. lifted its stake in shares of 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 period.

Futu Trading Down 5.3%

Shares of NASDAQ FUTU traded down $5.67 during mid-day trading on Friday, reaching $101.69. The company had a trading volume of 3,659,905 shares, compared to its average volume of 2,860,323. The firm has a 50 day simple moving average of $96.28 and a two-hundred day simple moving average of $95.97. The stock has a market cap of $14.15 billion, a P/E ratio of 24.92, a PEG ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 52-week low of $51.80 and a 52-week high of $130.88.

Futu (NASDAQ:FUTU - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.95 by $0.01. Futu had a net margin of 38.59% and a return on equity of 16.86%. The firm had revenue of $603.43 million during the quarter, compared to analysts' expectations of $594.86 million. On average, equities analysts expect that Futu Holdings Limited will post 4.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group upped their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. upped their price objective 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, Futu presently has an average rating of "Moderate Buy" and a consensus target price of $121.20.

Futu Company Profile

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.