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Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Shares Sold by Bank of New York Mellon Corp

Futu logo with Business Services background

Bank of New York Mellon Corp decreased its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,479 shares of the company's stock after selling 6,788 shares during the period. Bank of New York Mellon Corp owned about 0.06% of Futu worth $8,544,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in Futu by 2.0% in the fourth quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock worth $358,000 after acquiring an additional 87 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock worth $746,000 after acquiring an additional 113 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Futu by 1.6% in the fourth quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock worth $764,000 after acquiring an additional 153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock worth $36,000 after acquiring an additional 197 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Futu by 53.0% during the first quarter. Rakuten Securities Inc. now owns 1,045 shares of the company's stock valued at $107,000 after buying an additional 362 shares during the last quarter.

Futu Price Performance

Shares of NASDAQ FUTU traded down $2.88 during mid-day trading on Friday, reaching $163.98. 726,294 shares of the company traded hands, compared to its average volume of 2,729,191. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $51.80 and a fifty-two week high of $174.36. The firm has a market cap of $22.82 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60. The stock has a fifty day simple moving average of $123.89 and a 200-day simple moving average of $107.44.

Futu (NASDAQ:FUTU - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.01. Futu had a net margin of 41.74% and a return on equity of 23.07%. The business had revenue of $603.43 million for the quarter, compared to analyst estimates of $594.86 million. As a group, analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FUTU. Citigroup lifted their price target on Futu from $113.00 to $176.00 and gave the company a "neutral" rating in a report on Tuesday. Barclays began coverage on Futu in a report on Thursday, July 17th. They set an "overweight" rating and a $176.00 price target on the stock. Finally, Bank of America lifted their price target on Futu from $123.70 to $143.90 and gave the company a "buy" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $152.82.

Get Our Latest Stock Analysis on FUTU

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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