Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,170 shares of the company's stock after buying an additional 15,060 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Futu were worth $5,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUTU. CenterBook Partners LP purchased a new position in Futu in the first quarter valued at about $1,102,000. Deutsche Bank AG grew its holdings in shares of Futu by 33.0% during the 1st quarter. Deutsche Bank AG now owns 124,090 shares of the company's stock valued at $12,701,000 after purchasing an additional 30,791 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Futu by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,430 shares of the company's stock valued at $6,901,000 after buying an additional 5,056 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in Futu during the 1st quarter valued at $472,000. Finally, Allianz SE purchased a new position in Futu during the 1st quarter valued at about $30,000.

Futu Stock Performance

Shares of NASDAQ FUTU traded down $0.50 during trading on Friday, hitting $174.25. 1,489,984 shares of the company were exchanged, compared to its average volume of 2,437,347. Futu Holdings Limited Sponsored ADR has a 12-month low of $56.22 and a 12-month high of $179.17. The company has a fifty day moving average price of $140.43 and a 200-day moving average price of $115.81. The firm has a market capitalization of $24.25 billion, a PE ratio of 29.04, a P/E/G ratio of 1.08 and a beta of 0.49.

Futu (NASDAQ:FUTU - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.96 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $594.86 million. Research analysts anticipate that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America lifted their price target on shares of Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Daiwa America raised shares of Futu to a "strong-buy" rating in a report on Tuesday, August 12th. Barclays began coverage on shares of Futu in a report on Thursday, July 17th. They set an "overweight" rating and a $176.00 price target on the stock. Daiwa Capital Markets initiated coverage on shares of Futu in a research report on Monday, August 11th. They issued a "buy" rating and a $190.00 price target on the stock. Finally, Citigroup upped their price target on shares of Futu from $113.00 to $176.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Futu has an average rating of "Buy" and a consensus price target of $158.13.

Futu Company 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.