Worldquant Millennium Advisors LLC bought a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,065 shares of the company's stock, valued at approximately $8,404,000. Worldquant Millennium Advisors LLC owned about 0.08% of Futu as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of FUTU. Diversify Wealth Management LLC acquired a new stake in shares of Futu in the fourth quarter worth approximately $457,000. SG Americas Securities LLC lifted its position in Futu by 236.6% during the fourth quarter. SG Americas Securities LLC now owns 374,193 shares of the company's stock valued at $29,932,000 after buying an additional 263,040 shares in the last quarter. Blue Trust Inc. lifted its position in Futu by 15.9% during the fourth quarter. Blue Trust Inc. now owns 10,302 shares of the company's stock valued at $824,000 after buying an additional 1,413 shares in the last quarter. KBC Group NV lifted its position in Futu by 28.2% during the fourth quarter. KBC Group NV now owns 42,692 shares of the company's stock valued at $3,415,000 after buying an additional 9,401 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Futu during the fourth quarter valued at approximately $1,200,000.
Futu Stock Up 0.3%
Shares of NASDAQ FUTU traded up $0.32 during trading on Friday, reaching $111.76. 1,244,815 shares of the stock were exchanged, compared to its average volume of 2,838,915. The business's 50-day moving average price is $96.49 and its 200 day moving average price is $95.69. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67.
Analysts Set New Price Targets
A number of research analysts have weighed in on FUTU shares. JPMorgan Chase & Co. lifted their price target on shares of 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 price target 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Futu has a consensus rating of "Moderate Buy" and an average target price of $121.20.
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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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