Futu Holdings Limited Sponsored ADR $FUTU Shares Bought by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in Futu Holdings by 99.4%, acquiring a total of 68,756 shares worth approximately $7.04 million at the end of the last quarter.
• Several institutional investors, including Atlas Capital Advisors and Allianz SE, have also made new investments in Futu during the first quarter.
• Equities research analysts have generally upgraded their ratings on Futu, with JPMorgan Chase & Co. raising its price target to $270 and giving it an "overweight" rating.

Nomura Holdings Inc. increased its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 99.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,756 shares of the company's stock after purchasing an additional 34,274 shares during the quarter. Nomura Holdings Inc.'s holdings in Futu were worth $7,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FUTU. Trivest Advisors Ltd bought a new position in Futu during the 1st quarter valued at approximately $98,651,000. Yong Rong HK Asset Management Ltd bought a new stake in shares of Futu in the first quarter worth $77,172,000. Greenwoods Asset Management Hong Kong Ltd. grew 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 worth $194,632,000 after acquiring an additional 618,701 shares during the period. National Bank of Canada FI bought a new stake in shares of Futu in the first quarter worth $60,847,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Futu by 170.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 830,842 shares of the company's stock worth $66,459,000 after acquiring an additional 523,808 shares during the period.

Futu Trading Down 1.0%

Shares of NASDAQ FUTU traded down $1.84 during trading on Friday, reaching $187.28. 1,894,440 shares of the company traded hands, compared to its average volume of 2,252,297. Futu Holdings Limited Sponsored ADR has a 12-month low of $56.22 and a 12-month high of $199.86. The firm's fifty day simple moving average is $160.73 and its 200 day simple moving average is $123.82. The stock has a market cap of $26.06 billion, a P/E ratio of 25.98, a PEG ratio of 0.83 and a beta of 0.57.

Analyst Ratings Changes

A number of research firms have recently weighed in on FUTU. JPMorgan Chase & Co. lifted their price objective on Futu from $200.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Daiwa Capital Markets began coverage on Futu in a research report on Monday, August 11th. They issued a "buy" rating and a $190.00 price objective on the stock. Citigroup boosted their target price on Futu from $176.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Barclays upped their price objective on Futu from $176.00 to $232.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Finally, Daiwa America upgraded Futu to a "strong-buy" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $190.43.

Futu Company 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.