Futu Holdings Limited Sponsored ADR $FUTU Shares Sold by Barclays PLC

Key Points

• Barclays PLC cut its stake in Futu by 34% in Q3, selling 72,388 shares and leaving 140,420 shares worth about $24.4 million (roughly 0.10% of the company).
• Futu shares recently opened at $152.64, trade in a 12‑month range of $70.60–$202.53, and the company has a market cap of $21.24 billion with a P/E of 17.09 and P/E/G of 0.40.
• Analyst sentiment is largely positive—two "Strong Buy," six "Buy" and two "Hold" ratings with an average target of $205.06—and both Goldman Sachs and Barclays have raised ratings/targets recently.

Barclays PLC lessened its position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 34.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,420 shares of the company's stock after selling 72,388 shares during the period. Barclays PLC owned about 0.10% of Futu worth $24,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FUTU. Diversify Wealth Management LLC lifted its position in shares of Futu by 0.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company's stock worth $1,559,000 after buying an additional 83 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Futu by 2.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,800 shares of the company's stock worth $470,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Futu by 4.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,790 shares of the company's stock valued at $485,000 after purchasing an additional 116 shares during the period. Cerity Partners LLC grew its stake in Futu by 4.6% during the 2nd quarter. Cerity Partners LLC now owns 2,729 shares of the company's stock worth $337,000 after buying an additional 120 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Futu by 15.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,166 shares of the company's stock worth $144,000 after buying an additional 155 shares during the last quarter.

Futu Price Performance

Shares of FUTU opened at $152.64 on Thursday. The firm's 50 day moving average is $160.15 and its 200-day moving average is $169.47. Futu Holdings Limited Sponsored ADR has a 12-month low of $70.60 and a 12-month high of $202.53. The stock has a market capitalization of $21.24 billion, a P/E ratio of 17.09, a P/E/G ratio of 0.40 and a beta of 0.38.

Wall Street Analyst Weigh In

FUTU has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of Futu from a "neutral" rating to a "buy" rating and set a $213.39 price objective on the stock in a report on Monday, February 2nd. Barclays boosted their target price on shares of Futu from $232.00 to $236.00 and gave the company an "overweight" rating in a research note on Thursday, November 20th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Futu in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $205.06.

Futu Company Profile

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm's product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.

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