3,125 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,125 shares of the company's stock, valued at approximately $250,000.

Several other institutional investors also recently bought and sold shares of FUTU. Smartleaf Asset Management LLC raised its holdings in Futu by 1,245.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after buying an additional 411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 purchasing an additional 197 shares during the period. Rakuten Securities Inc. increased its stake in shares of Futu by 239.8% in the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after purchasing an additional 482 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Futu in the fourth quarter worth about $60,000. Finally, Assetmark Inc. increased 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 during the period.

Futu Stock Performance

NASDAQ FUTU traded up $7.11 during trading on Wednesday, reaching $114.68. 3,637,330 shares of the company traded hands, compared to its average volume of 2,889,557. The stock's 50 day moving average price is $97.37 and its two-hundred day moving average price is $97.07. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 0.79 and a beta of 0.58. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FUTU shares. 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 lifted their target price on Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.98.

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.