Nuveen Asset Management LLC Has $11.74 Million Stake in Futu Holdings Limited (NASDAQ:FUTU)

Nuveen Asset Management LLC raised its position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,811 shares of the company's stock after buying an additional 13,191 shares during the period. Nuveen Asset Management LLC owned 0.11% of Futu worth $11,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FUTU. Blue Trust Inc. boosted its position in Futu by 15.9% in the fourth quarter. Blue Trust Inc. now owns 10,302 shares of the company's stock valued at $824,000 after buying an additional 1,413 shares in the last quarter. KBC Group NV boosted its position in Futu by 28.2% in the fourth quarter. KBC Group NV now owns 42,692 shares of the company's stock valued at $3,415,000 after buying an additional 9,401 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Futu during the fourth quarter worth approximately $1,200,000. BOCHK Asset Management Ltd lifted its position in shares of Futu by 8.1% during the fourth quarter. BOCHK Asset Management Ltd now owns 8,000 shares of the company's stock worth $640,000 after purchasing an additional 600 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its position in shares of Futu by 18.0% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 15,500 shares of the company's stock worth $1,240,000 after purchasing an additional 2,365 shares in the last quarter.

Futu Stock Down 5.3%

NASDAQ FUTU traded down $5.67 during trading hours on Friday, hitting $101.69. The company's stock had a trading volume of 3,659,905 shares, compared to its average volume of 2,860,323. The stock has a fifty day moving average of $96.28 and a 200 day moving average of $96.06. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88. The firm has a market capitalization of $14.15 billion, a P/E ratio of 24.92, a PEG ratio of 0.79 and a beta of 0.67.

Futu (NASDAQ:FUTU - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.01. Futu had a net margin of 38.59% and a return on equity of 16.86%. The business had revenue of $603.43 million for the quarter, compared to analyst estimates of $594.86 million. On average, analysts predict that Futu Holdings Limited will post 4.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FUTU shares. 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. UBS Group upped their target price on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Futu currently has an average rating of "Moderate Buy" and an average price target of $121.20.

Futu 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.