Aubrey Capital Management Ltd Makes New Investment in Futu Holdings Limited Sponsored ADR $FUTU

Key Points

• Aubrey Capital Management Ltd invested approximately $10.3 million in Futu Holdings, acquiring 83,400 shares that now represent 3.7% of its investment portfolio.
• Futu Holdings has attracted significant interest from other institutional investors, with notable increases in holdings from firms such as Hhlr Advisors and UBS AM.
• Analyst consensus on Futu includes multiple "Buy" ratings, with a price target range reaching as high as $270.00 from JPMorgan, reflecting strong market confidence in the company's growth.

Aubrey Capital Management Ltd bought a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 83,400 shares of the company's stock, valued at approximately $10,307,000. Futu makes up approximately 3.7% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 8th biggest position. Aubrey Capital Management Ltd owned approximately 0.06% of Futu at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FUTU. Hhlr Advisors LTD. lifted its holdings in shares of Futu by 285.2% in the first quarter. Hhlr Advisors LTD. now owns 4,307,492 shares of the company's stock valued at $440,872,000 after purchasing an additional 3,189,189 shares in the last quarter. Trivest Advisors Ltd bought a new position in shares of Futu in the first quarter valued at approximately $98,651,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Futu by 883.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 989,367 shares of the company's stock valued at $101,262,000 after purchasing an additional 888,760 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new position in shares of Futu in the first quarter valued at approximately $77,172,000. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in shares of Futu by 48.2% in the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,901,635 shares of the company's stock valued at $194,632,000 after purchasing an additional 618,701 shares in the last quarter.

Futu Price Performance

NASDAQ:FUTU opened at $156.60 on Friday. The business has a fifty day simple moving average of $176.13 and a two-hundred day simple moving average of $136.15. Futu Holdings Limited Sponsored ADR has a 1 year low of $70.60 and a 1 year high of $199.86. The company has a market capitalization of $21.79 billion, a P/E ratio of 21.72, a P/E/G ratio of 0.69 and a beta of 0.48.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on Futu in a report on Monday, August 11th. They issued a "buy" rating and a $190.00 target price on the stock. Dbs Bank upgraded Futu to a "moderate buy" rating in a report on Thursday, September 4th. Citigroup lifted their price target on Futu from $176.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Daiwa America upgraded Futu to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on Futu from $200.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

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.

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