GF Fund Management CO. LTD. Has $11.72 Million Holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU)

GF Fund Management CO. LTD. trimmed its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 20.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,465 shares of the company's stock after selling 29,084 shares during the period. GF Fund Management CO. LTD. owned about 0.08% of Futu worth $11,715,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FUTU. Smartleaf Asset Management LLC boosted its holdings in 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 buying an additional 411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 buying an additional 197 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Futu in the 4th quarter valued at approximately $60,000. Finally, Assetmark Inc. lifted its position 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 acquiring an additional 760 shares in the last quarter.

Futu Stock Up 1.1%

Shares of FUTU traded up $1.27 during mid-day trading on Friday, hitting $121.59. 785,638 shares of the company's stock were exchanged, compared to its average volume of 2,915,231. The firm has a fifty day moving average of $110.32 and a two-hundred day moving average of $101.12. Futu Holdings Limited Sponsored ADR has a twelve month low of $51.80 and a twelve month high of $130.88. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 0.96 and a beta of 0.60.

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

Analysts Set New Price Targets

Several brokerages recently commented on FUTU. UBS Group upped their price target on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Bank of America upped their price target on shares of Futu from $123.70 to $143.90 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Futu currently 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.