Twinbeech Capital LP acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,838 shares of the company's stock, valued at approximately $4,307,000.
Several other institutional investors have also modified their holdings of FUTU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after buying an additional 113 shares in the last quarter. 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 worth $1,842,000 after acquiring an additional 144 shares in the last quarter. Vestcor Inc boosted its holdings in Futu by 19.2% in the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after purchasing an additional 146 shares in the last quarter. Voya Investment Management LLC increased its stake in Futu by 1.6% in the fourth 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after purchasing an additional 197 shares during the last quarter.
Futu Price Performance
Shares of NASDAQ:FUTU traded up $0.32 on Friday, reaching $111.76. The company's stock had a trading volume of 1,244,815 shares, compared to its average volume of 2,834,106. The stock has a market capitalization of $15.55 billion, a P/E ratio of 27.39, a PEG ratio of 0.79 and a beta of 0.67. The stock's 50-day moving average is $96.54 and its two-hundred day moving average is $95.60. Futu Holdings Limited has a 52-week low of $51.80 and a 52-week high of $130.88.
Analysts Set New Price Targets
FUTU has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. upped their price objective on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.
View Our Latest Report on FUTU
Futu Company 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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