LBP AM SA bought a new stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 34,000 shares of the company's stock, valued at approximately $3,480,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after buying an additional 197 shares during the last quarter. Rakuten Securities Inc. grew its stake in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Futu during the 4th quarter worth $60,000. Assetmark Inc. grew its stake in Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after buying an additional 760 shares during the last quarter. Finally, Spire Wealth Management grew its position in shares of Futu by 2,066.7% during the first quarter. Spire Wealth Management now owns 650 shares of the company's stock worth $67,000 after acquiring an additional 620 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on FUTU. Bank of America upped their price target on shares of Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. upped their target price on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Finally, UBS Group increased their price objective on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.98.
View Our Latest Analysis on FUTU
Futu Price Performance
Shares of FUTU traded up $6.50 during trading hours on Friday, hitting $149.99. 4,393,351 shares of the company were exchanged, compared to its average volume of 2,959,055. Futu Holdings Limited Sponsored ADR has a one year low of $51.80 and a one year high of $150.01. The company has a market capitalization of $20.87 billion, a PE ratio of 23.92, a PEG ratio of 1.14 and a beta of 0.60. The firm has a fifty day simple moving average of $113.76 and a 200-day simple moving average of $102.39.
Futu (NASDAQ:FUTU - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.01. The firm had revenue of $603.43 million during the quarter, compared to analyst estimates of $594.86 million. Futu had a net margin of 41.74% and a return on equity of 23.07%. Sell-side analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current year.
Futu Company Profile
(
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.
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