Deutsche Bank AG trimmed its position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 78.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,299 shares of the company's stock after selling 330,566 shares during the quarter. Deutsche Bank AG owned 0.07% of Futu worth $7,463,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Futu by 94.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 45,062 shares of the company's stock valued at $3,605,000 after acquiring an additional 21,856 shares during the period. Cederberg Capital Ltd lifted its position in Futu by 3.8% during the fourth quarter. Cederberg Capital Ltd now owns 353,900 shares of the company's stock valued at $28,308,000 after acquiring an additional 13,000 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Futu in the 4th quarter worth $268,000. Ameriprise Financial Inc. boosted its stake in Futu by 200.5% in the 4th quarter. Ameriprise Financial Inc. now owns 19,689 shares of the company's stock worth $1,579,000 after purchasing an additional 13,136 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of Futu in the 4th quarter valued at $356,000.
Wall Street Analyst Weigh In
FUTU has been the subject of a number of recent research reports. UBS Group raised their price target on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. raised their target price on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.20.
Get Our Latest Analysis on Futu
Futu Price Performance
NASDAQ:FUTU traded down $0.84 during trading hours on Wednesday, reaching $109.19. The company had a trading volume of 1,926,056 shares, compared to its average volume of 2,831,380. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The business's 50 day moving average price is $96.84 and its 200-day moving average price is $95.41. The firm has a market cap of $15.19 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67.
About Futu
(
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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