Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 91.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,716 shares of the company's stock after buying an additional 10,345 shares during the quarter. Achmea Investment Management B.V.'s holdings in Futu were worth $2,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FUTU. Mackenzie Financial Corp raised its stake in Futu by 2.0% during the 4th quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock worth $358,000 after acquiring an additional 87 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock worth $746,000 after purchasing an additional 113 shares during the last quarter. Rhumbline Advisers increased its position in Futu by 0.6% in the fourth quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock worth $1,842,000 after purchasing an additional 144 shares during the last quarter. Vestcor Inc increased its position in Futu by 19.2% during the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after acquiring an additional 146 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Futu by 1.6% during the fourth quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock valued at $764,000 after acquiring an additional 153 shares during the last quarter.

Futu Stock Down 1.6%

Shares of Futu stock traded down $1.98 during midday trading on Friday, hitting $121.23. The company had a trading volume of 841,936 shares, compared to its average volume of 2,912,467. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.96 and a beta of 0.58. The company has a fifty day simple moving average of $106.86 and a 200 day simple moving average of $99.83. Futu Holdings Limited Sponsored ADR has a 12-month low of $51.80 and a 12-month 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 41.74% and a return on equity of 23.07%. The firm had revenue of $603.43 million during the quarter, compared to analyst estimates of $594.86 million. As a group, analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Bank of America upped their price objective on shares of Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, 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 report 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.98.

Futu 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.