Nykredit A S Makes New Investment in Futu Holdings Limited Sponsored ADR $FUTU

Key Points

• Nykredit A/S initiated a position in Futu, purchasing 17,145 shares valued at approximately $1.61 million during the second quarter. Several other institutional investors also increased or began holdings in the company.
• Futu reported quarterly earnings of $3.33 per share on revenue of $852.66 million, exceeding analyst estimates of $2.98 EPS and $786.07 million in revenue.
• FUTU recently traded at $114.32, while analysts maintained a consensus “Hold” rating with an average price target of $139.91; the stock has traded between $80.50 and $202.53 over the past year.

Nykredit A S purchased a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,145 shares of the company's stock, valued at approximately $1,607,000.

A number of other institutional investors also recently modified their holdings of FUTU. Corient Private Wealth LP increased its position in shares of Futu by 39.9% during the second quarter. Corient Private Wealth LP now owns 2,428 shares of the company's stock worth $228,000 after buying an additional 693 shares during the period. Greenwoods Asset Management Hong Kong Ltd. boosted its position in Futu by 9.8% during the second quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,093,634 shares of the company's stock valued at $102,517,000 after acquiring an additional 97,286 shares during the last quarter. SkyOak Wealth LLC bought a new stake in Futu during the second quarter valued at $207,000. Quantitative Investment Management LLC acquired a new stake in Futu during the 2nd quarter worth about $1,039,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Futu in the 2nd quarter worth about $1,734,000.

Futu Trading Up 0.2%

FUTU opened at $114.32 on Wednesday. Futu Holdings Limited Sponsored ADR has a 1-year low of $80.50 and a 1-year high of $202.53. The company has a market cap of $16.02 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 1.26 and a beta of 0.46. The company has a fifty day moving average price of $110.64 and a two-hundred day moving average price of $120.78.

• Futu Holdings NASDAQ: FUTU Stock: Is the Chinese Fintech Company a Buy?

Futu (NASDAQ:FUTU - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.35. The company had revenue of $852.66 million for the quarter, compared to analysts' expectations of $786.07 million. Futu had a net margin of 42.95% and a return on equity of 28.20%. On average, research analysts forecast that Futu Holdings Limited Sponsored ADR will post 9.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FUTU. Wall Street Zen raised Futu from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. Zacks Research raised Futu from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $170.50 price target on shares of Futu in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Futu has a consensus rating of "Hold" and an average price target of $139.91.

Futu Profile

Futu Holdings Limited is a financial technology company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools that allow individual investors to trade securities and manage investments through mobile and web applications.

Through its Futu and Moomoo platforms, the company offers access to products such as stocks, exchange-traded funds, options and futures, subject to the regulations of the relevant markets.

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