Toronto Dominion Bank Has $599,000 Stock Position in Futu Holdings Limited (NASDAQ:FUTU)

Toronto Dominion Bank lowered its stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 34.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,495 shares of the company's stock after selling 3,987 shares during the quarter. Toronto Dominion Bank's holdings in Futu were worth $599,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

FUTU has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. UBS Group upped their price target on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Futu has a consensus rating of "Moderate Buy" and an average price target of $121.20.

Futu Trading Down 5.0%

NASDAQ:FUTU traded down $5.38 during mid-day trading on Friday, reaching $101.98. 1,151,178 shares of the stock were exchanged, compared to its average volume of 2,842,206. The business has a fifty day moving average price of $96.40 and a 200 day moving average price of $95.91. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The firm has a market capitalization of $14.19 billion, a PE ratio of 25.03, 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 (EPS) for the quarter, topping 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 company had revenue of $603.43 million for the quarter, compared to analysts' expectations of $594.86 million. On average, sell-side analysts forecast that Futu Holdings Limited will post 4.94 earnings per share for the current year.

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.