GF Fund Management CO. LTD. acquired a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 143,549 shares of the company's stock, valued at approximately $11,482,000. GF Fund Management CO. LTD. owned 0.10% of Futu at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after acquiring an additional 411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Futu by 77.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after acquiring an additional 197 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Futu by 239.8% in the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after purchasing an additional 482 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Futu in the 4th quarter valued at $60,000. Finally, Assetmark Inc. lifted its stake in shares of Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after purchasing an additional 760 shares during the period.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on FUTU shares. JPMorgan Chase & Co. boosted their target price on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. UBS Group boosted their target price on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Futu has an average rating of "Moderate Buy" and an average target price of $121.20.
Check Out Our Latest Analysis on FUTU
Futu Stock Performance
Shares of FUTU traded down $4.88 during trading hours on Tuesday, hitting $106.88. The stock had a trading volume of 2,530,171 shares, compared to its average volume of 2,837,706. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 0.79 and a beta of 0.67. The firm has a 50-day moving average price of $96.43 and a 200 day moving average price of $95.71. Futu Holdings Limited has a fifty-two week low of $51.80 and a fifty-two week high of $130.88.
Futu Company 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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