Public Employees Retirement System of Ohio Increases Stock Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Public Employees Retirement System of Ohio raised its holdings in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 131.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,023 shares of the company's stock after purchasing an additional 5,123 shares during the period. Public Employees Retirement System of Ohio's holdings in Futu were worth $722,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after acquiring an additional 411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock worth $36,000 after buying an additional 197 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after buying an additional 482 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Futu during the fourth quarter valued at $60,000. Finally, Assetmark Inc. grew its position in Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after buying an additional 760 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FUTU shares. JPMorgan Chase & Co. lifted their price target on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. UBS Group lifted their target price on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Futu currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.

Futu Trading Down 1.4%

Shares of FUTU stock traded down $1.51 during trading hours on Friday, hitting $106.07. 1,727,231 shares of the company's stock were exchanged, compared to its average volume of 2,882,409. The business's 50 day simple moving average is $96.44 and its 200-day simple moving average is $96.57. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88. The company has a market capitalization of $14.76 billion, a PE ratio of 26.00, a PEG ratio of 0.79 and a beta of 0.67.

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

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.