GSA Capital Partners LLP Has $620,000 Stock Position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU)

Key Points

• GSA Capital Partners LLP reduced its holdings in Futu Holdings by 63.1%, now owning 6,056 shares valued at approximately $620,000.
• Several large investors have recently increased their stakes in Futu, including Hhlr Advisors and Point72 Hong Kong, indicating growing interest in the company.
• Analyst ratings for Futu show a consensus of "Moderate Buy" with a target price averaging $152.82, highlighting positive market sentiment surrounding the stock.

GSA Capital Partners LLP reduced its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 63.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,056 shares of the company's stock after selling 10,374 shares during the period. GSA Capital Partners LLP's holdings in Futu were worth $620,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hhlr Advisors LTD. grew its position in Futu by 6.4% during the fourth quarter. Hhlr Advisors LTD. now owns 1,118,303 shares of the company's stock worth $89,453,000 after buying an additional 67,214 shares in the last quarter. Trivest Advisors Ltd bought a new stake in shares of Futu in the 1st quarter worth approximately $98,651,000. Point72 Hong Kong Ltd grew its holdings in shares of Futu by 170.6% during the 4th quarter. Point72 Hong Kong Ltd now owns 830,842 shares of the company's stock worth $66,459,000 after purchasing an additional 523,808 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in shares of Futu during the first quarter valued at approximately $77,172,000. Finally, Geode Capital Management LLC increased its position in shares of Futu by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 567,635 shares of the company's stock valued at $44,890,000 after purchasing an additional 21,686 shares during the period.

Analyst Upgrades and Downgrades

FUTU has been the subject of several research reports. Citigroup raised their target price on Futu from $113.00 to $176.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Bank of America raised their price objective on shares of Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Barclays initiated coverage on shares of Futu in a research note on Thursday, July 17th. They issued an "overweight" rating and a $176.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.82.

Futu Price Performance

Shares of NASDAQ:FUTU opened at $141.67 on Monday. The business's fifty day moving average price is $129.25 and its two-hundred day moving average price is $111.08. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $51.80 and a fifty-two week high of $174.36. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.12 and a beta of 0.49.

Futu (NASDAQ:FUTU - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.96 EPS for the quarter, beating 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 the consensus estimate of $594.86 million. Research analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.

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.

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