CenterBook Partners LP bought a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,767 shares of the company's stock, valued at approximately $1,102,000.
A number of other institutional investors also recently bought and sold shares of FUTU. Arrowstreet Capital Limited Partnership purchased a new stake in Futu during the fourth quarter worth $116,315,000. Trivest Advisors Ltd purchased a new stake in Futu during the first quarter worth $98,651,000. Yong Rong HK Asset Management Ltd purchased a new stake in Futu during the first quarter worth $77,172,000. Point72 Hong Kong Ltd boosted its position in Futu by 170.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 830,842 shares of the company's stock worth $66,459,000 after purchasing an additional 523,808 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Futu in the fourth quarter valued at $39,163,000.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on FUTU shares. Bank of America upped their price objective on Futu from $123.70 to $143.90 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Barclays started coverage on Futu in a research report on Thursday. They issued an "overweight" rating and a $176.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.32.
Check Out Our Latest Analysis on Futu
Futu Stock Performance
NASDAQ FUTU traded up $10.51 during trading hours on Friday, hitting $160.57. 6,478,908 shares of the company's stock were exchanged, compared to its average volume of 2,999,221. The business's 50 day moving average is $118.33 and its 200-day moving average is $104.55. Futu Holdings Limited Sponsored ADR has a 12-month low of $51.80 and a 12-month high of $169.43. The firm has a market capitalization of $22.34 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.60.
Futu (NASDAQ:FUTU - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.01. Futu had a return on equity of 23.07% and a net margin of 41.74%. The firm had revenue of $603.43 million for the quarter, compared to the consensus estimate of $594.86 million. As a group, equities research analysts anticipate that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.
Futu Profile
(
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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