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Robeco Institutional Asset Management B.V. Has $5.63 Million Holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU)

Futu logo with Business Services background

Robeco Institutional Asset Management B.V. raised its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 266.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 55,000 shares of the company's stock after buying an additional 40,000 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Futu were worth $5,629,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in shares of Futu by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock worth $358,000 after buying an additional 87 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Futu by 1.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock worth $746,000 after acquiring an additional 113 shares during the period. Rhumbline Advisers raised its position in shares of Futu by 0.6% during the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock valued at $1,842,000 after acquiring an additional 144 shares during the last quarter. Vestcor Inc raised its position in shares of Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after acquiring an additional 146 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Futu by 1.6% in the 4th quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock valued at $764,000 after purchasing an additional 153 shares during the period.

Futu Stock Down 1.1%

Shares of FUTU traded down $1.32 during trading hours on Wednesday, reaching $120.32. The stock had a trading volume of 1,491,123 shares, compared to its average volume of 2,914,766. The company has a market cap of $16.74 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.96 and a beta of 0.60. Futu Holdings Limited Sponsored ADR has a 52 week low of $51.80 and a 52 week high of $130.88. The firm has a 50-day moving average of $108.45 and a 200 day moving average of $100.34.

Futu (NASDAQ:FUTU - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.01. The firm had revenue of $603.43 million during the quarter, compared to analysts' expectations of $594.86 million. Futu had a return on equity of 23.07% and a net margin of 41.74%. As a group, equities analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on FUTU. UBS Group lifted their price objective on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Bank of America boosted their target price on Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. upped their price target on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Futu presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.98.

Read Our Latest Analysis on FUTU

Futu 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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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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