Futu Holdings Limited Sponsored ADR $FUTU Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,314 shares of the company's stock after purchasing an additional 2,200 shares during the quarter. Public Sector Pension Investment Board's holdings in Futu were worth $4,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hhlr Advisors LTD. lifted its holdings in Futu by 6.4% in the fourth quarter. Hhlr Advisors LTD. now owns 1,118,303 shares of the company's stock valued at $89,453,000 after acquiring an additional 67,214 shares during the period. Trivest Advisors Ltd acquired a new position in Futu in the first quarter valued at approximately $98,651,000. Point72 Hong Kong Ltd lifted its holdings in Futu by 170.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 830,842 shares of the company's stock valued at $66,459,000 after acquiring an additional 523,808 shares during the period. Yong Rong HK Asset Management Ltd acquired a new position in Futu in the first quarter valued at approximately $77,172,000. Finally, National Bank of Canada FI acquired a new position in Futu in the first quarter valued at approximately $60,847,000.

Futu Stock Up 6.4%

NASDAQ:FUTU traded up $11.4670 during mid-day trading on Friday, reaching $191.9170. 1,847,437 shares of the stock were exchanged, compared to its average volume of 2,686,553. The company has a 50 day simple moving average of $145.54 and a 200-day simple moving average of $117.85. The stock has a market capitalization of $26.70 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.11 and a beta of 0.49. Futu Holdings Limited Sponsored ADR has a 1 year low of $56.22 and a 1 year high of $194.32.

Futu (NASDAQ:FUTU - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.01. Futu had a return on equity of 27.28% and a net margin of 44.25%.The firm had revenue of $603.43 million for the quarter, compared to the consensus estimate of $594.86 million. As a group, research analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Daiwa America raised Futu to a "strong-buy" rating in a report on Tuesday, August 12th. Daiwa Capital Markets initiated coverage on Futu in a research report on Monday, August 11th. They issued a "buy" rating and a $190.00 price objective for the company. Barclays boosted their price objective on Futu from $176.00 to $232.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup boosted their price objective on Futu from $176.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Bank of America boosted their price objective on Futu from $172.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $176.14.

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.