Jennison Associates LLC purchased a new stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 416,313 shares of the company's stock, valued at approximately $42,610,000. Jennison Associates LLC owned approximately 0.30% of Futu at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Futu by 77.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock worth $36,000 after purchasing an additional 197 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Futu during the fourth quarter valued at $60,000. Spire Wealth Management raised its stake in shares of Futu by 2,066.7% in the first quarter. Spire Wealth Management now owns 650 shares of the company's stock valued at $67,000 after buying an additional 620 shares during the period. Rakuten Securities Inc. lifted its position in shares of Futu by 53.0% during the 1st quarter. Rakuten Securities Inc. now owns 1,045 shares of the company's stock valued at $107,000 after buying an additional 362 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Futu by 2,723.1% during the 1st quarter. Versant Capital Management Inc now owns 1,101 shares of the company's stock valued at $113,000 after buying an additional 1,062 shares during the last quarter.
Futu Price Performance
FUTU opened at $160.57 on Friday. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.27 and a beta of 0.60. Futu Holdings Limited Sponsored ADR has a 1 year low of $51.80 and a 1 year high of $169.80. The stock's 50 day simple moving average is $119.49 and its 200 day simple moving average is $105.28.
Futu (NASDAQ:FUTU - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.01. The business had revenue of $603.43 million during the quarter, compared to analyst estimates of $594.86 million. Futu had a return on equity of 23.07% and a net margin of 41.74%. As a group, sell-side analysts anticipate that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current year.
Analyst Ratings Changes
FUTU has been the topic of a number of analyst reports. Barclays started coverage on shares of Futu in a report on Thursday. They set an "overweight" rating and a $176.00 target price on the stock. Bank of America raised their price objective 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Futu has a consensus rating of "Moderate Buy" and an average target price of $139.32.
Check Out Our Latest 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.
See Also
Want to see what other hedge funds are holding FUTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Futu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.
While Futu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
