GF Fund Management CO. LTD. Makes New $11.48 Million Investment in Futu Holdings Limited (NASDAQ:FUTU)

GF Fund Management CO. LTD. acquired a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 143,549 shares of the company's stock, valued at approximately $11,482,000. GF Fund Management CO. LTD. owned approximately 0.10% of Futu at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FUTU. Smartleaf Asset Management LLC increased its holdings in Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after purchasing an additional 411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after buying an additional 197 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after purchasing an additional 482 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Futu during the 4th quarter worth approximately $60,000. Finally, Assetmark Inc. increased its stake in Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after acquiring an additional 760 shares during the period.

Futu Price Performance

NASDAQ FUTU traded up $0.68 during mid-day trading on Thursday, reaching $108.39. The stock had a trading volume of 4,889,883 shares, compared to its average volume of 2,837,216. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88. The stock has a market cap of $15.08 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. The company has a fifty day moving average price of $96.41 and a 200 day moving average price of $95.87.

Futu (NASDAQ:FUTU - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.01. Futu had a net margin of 38.59% and a return on equity of 16.86%. As a group, equities research analysts expect that Futu Holdings Limited will post 4.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FUTU. UBS Group boosted their price objective on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their target price on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Futu presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.

About Futu

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.