Inspire Investing LLC Acquires 22,278 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Key Points

• Inspire Investing acquired 22,278 Futu shares during the third quarter, representing an investment of approximately $2.46 million. Several other institutional investors also initiated or expanded positions.
• Futu reported quarterly EPS of $3.33, beating estimates of $2.98, while revenue reached $852.66 million versus the $786.07 million consensus forecast. The company posted a 42.95% net margin and 28.20% return on equity.
• Analysts maintain a consensus “Hold” rating on FUTU, with two Buy ratings and four Holds and an average price target of $139.91. Shares recently traded at $99.19, well below their 52-week high of $202.53.

Inspire Investing LLC acquired a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,278 shares of the company's stock, valued at approximately $2,463,000.

Several other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Futu during the first quarter valued at about $25,000. Rockefeller Capital Management L.P. grew its position in Futu by 59.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company's stock worth $37,000 after purchasing an additional 84 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in Futu in the 3rd quarter worth about $32,000. EverSource Wealth Advisors LLC grew its position in Futu by 58.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $165,000 after purchasing an additional 443 shares in the last quarter. Finally, State of Wyoming increased its stake in Futu by 21.4% in the 1st quarter. State of Wyoming now owns 1,530 shares of the company's stock valued at $209,000 after buying an additional 270 shares during the last quarter.

Futu Stock Performance

NASDAQ FUTU opened at $99.19 on Monday. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The company has a 50-day simple moving average of $112.88 and a 200 day simple moving average of $115.41. The company has a market capitalization of $13.90 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.99 and a beta of 0.45.

• Futu Holdings NASDAQ: FUTU Stock: Is the Chinese Fintech Company a Buy?

Futu (NASDAQ:FUTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.98 by $0.35. Futu had a net margin of 42.95% and a return on equity of 28.20%. The business had revenue of $852.66 million for the quarter, compared to analyst estimates of $786.07 million. As a group, analysts forecast that Futu Holdings Limited Sponsored ADR will post 9.42 EPS for the current fiscal year.

Analyst Ratings Changes

FUTU has been the topic of several recent analyst reports. Zacks Research raised shares of Futu from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Wall Street Zen raised Futu from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Weiss Ratings downgraded Futu from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Futu presently has a consensus rating of "Hold" and a consensus price target of $139.91.

About Futu

Futu Holdings Limited is a technology-driven financial services company that operates online brokerage and wealth management platforms. Through its Futubull and moomoo applications, the company provides investors with access to securities trading, market data, news, analysis tools, and other digital investing services.

Futu's platforms support trading and investment-related services across products such as equities, exchange-traded funds, options, futures, and other securities, subject to local regulations.

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