Aubrey Capital Management Ltd Cuts Stock Position in Futu Holdings Limited Sponsored ADR $FUTU

Key Points

• Aubrey Capital Management reduced its stake in Futu Holdings by 17.8% in the fourth quarter, but the stock remained its largest holding at about 7.9% of its portfolio.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $209.17; recent targets from Goldman Sachs and Barclays were $205 and $200, respectively.
• Futu’s recent operating and shareholder returns remain strong, with the company reporting $3.07 EPS and $771 million in quarterly revenue, and it also paid a special dividend of $2.60 per share.

Aubrey Capital Management Ltd cut its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,000 shares of the company's stock after selling 26,600 shares during the quarter. Futu makes up about 7.9% of Aubrey Capital Management Ltd's portfolio, making the stock its largest position. Aubrey Capital Management Ltd owned approximately 0.09% of Futu worth $20,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FUTU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Futu by 805.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company's stock worth $195,933,000 after acquiring an additional 1,002,171 shares in the last quarter. AGF Management Ltd. bought a new position in shares of Futu in the 3rd quarter worth $149,432,000. Tredje AP fonden lifted its holdings in shares of Futu by 3,579.1% in the 3rd quarter. Tredje AP fonden now owns 688,000 shares of the company's stock worth $119,650,000 after purchasing an additional 669,300 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Futu in the 3rd quarter worth $64,250,000. Finally, Moore Capital Management LP bought a new position in shares of Futu in the 3rd quarter worth $53,411,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group set a $205.00 target price on Futu in a report on Monday, May 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Futu in a report on Thursday, January 22nd. Finally, Barclays cut their target price on Futu from $236.00 to $200.00 and set an "overweight" rating on the stock in a report on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $209.17.

Futu Price Performance

NASDAQ FUTU opened at $144.59 on Monday. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.00 and a beta of 0.52. Futu Holdings Limited Sponsored ADR has a one year low of $100.50 and a one year high of $202.53. The business's fifty day moving average is $149.41 and its 200-day moving average is $162.00.

Futu (NASDAQ:FUTU - Get Free Report) last released its earnings results on Sunday, February 15th. The company reported $3.07 EPS for the quarter. The company had revenue of $771.00 million for the quarter. Futu had a return on equity of 32.24% and a net margin of 49.63%. Research analysts expect that Futu Holdings Limited Sponsored ADR will post 11.8 EPS for the current fiscal year.

Futu Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were paid a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu's payout ratio is presently 24.81%.

About Futu

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm's product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.

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