Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Stock Holdings Increased by GAM Holding AG

GAM Holding AG raised its position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 41.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,500 shares of the company's stock after acquiring an additional 2,500 shares during the period. GAM Holding AG's holdings in Futu were worth $870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FUTU. Smartleaf Asset Management LLC lifted its stake in shares of Futu by 1,245.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after purchasing an additional 411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Futu by 77.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock worth $36,000 after purchasing an additional 197 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after purchasing an additional 482 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Futu during the fourth quarter worth about $60,000. Finally, Assetmark Inc. lifted its stake in shares of Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after purchasing an additional 760 shares in the last quarter.

Futu Stock Performance

Shares of NASDAQ:FUTU traded down $7.85 during trading on Friday, hitting $114.31. The company's stock had a trading volume of 2,071,254 shares, compared to its average volume of 2,896,568. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $51.80 and a fifty-two week high of $130.88. The stock's 50-day moving average price is $103.06 and its two-hundred day moving average price is $98.82. The company has a market capitalization of $15.91 billion, a PE ratio of 19.05, a PEG ratio of 0.91 and a beta of 0.58.

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

Analyst Ratings Changes

A number of research analysts have commented on FUTU shares. Bank of America boosted their price objective on Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. UBS Group boosted their price target on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their price target on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.98.

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.