Janus Henderson Group PLC increased its position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 147.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,200 shares of the company's stock after acquiring an additional 3,100 shares during the quarter. Janus Henderson Group PLC's holdings in Futu were worth $416,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership purchased a new position in Futu during the 4th quarter valued at about $116,315,000. Norges Bank bought a new position in shares of Futu in the 4th quarter worth $39,163,000. Candriam S.C.A. bought a new position in shares of Futu in the 4th quarter worth $28,004,000. William Blair Investment Management LLC increased its holdings in shares of Futu by 1,325.6% in the 4th quarter. William Blair Investment Management LLC now owns 285,120 shares of the company's stock worth $22,806,000 after buying an additional 265,120 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. bought a new position in shares of Futu in the 4th quarter worth $17,274,000.
Futu Price Performance
FUTU traded up $0.82 during trading on Wednesday, hitting $107.70. 1,050,424 shares of the stock traded hands, compared to its average volume of 2,830,738. The firm has a market capitalization of $14.99 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. The firm has a 50-day moving average of $96.39 and a 200 day moving average of $95.79. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on FUTU. JPMorgan Chase & Co. boosted their target price on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. UBS Group boosted their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.20.
View Our Latest Stock Report on Futu
About Futu
(
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.
Further Reading
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