Futu (NASDAQ:FUTU - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 29th. Analysts expect the company to announce earnings of $1.95 per share and revenue of $594.86 million for the quarter.
Futu Price Performance
Shares of FUTU traded up $0.32 during mid-day trading on Friday, hitting $111.76. The stock had a trading volume of 1,244,815 shares, compared to its average volume of 2,838,915. The firm has a market cap of $15.55 billion, a P/E ratio of 27.39, a PEG ratio of 0.79 and a beta of 0.67. Futu has a 52 week low of $51.80 and a 52 week high of $130.88. The business has a fifty day moving average price of $96.49 and a 200-day moving average price of $95.59.
Institutional Trading of Futu
Several hedge funds and other institutional investors have recently bought and sold shares of FUTU. Geneos Wealth Management Inc. bought a new stake in Futu in the 1st quarter worth $27,000. Jones Financial Companies Lllp raised its position in Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company's stock valued at $66,000 after purchasing an additional 522 shares during the last quarter. AQR Capital Management LLC bought a new stake in Futu in the first quarter valued at $235,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Futu by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company's stock valued at $46,997,000 after acquiring an additional 16,255 shares in the last quarter.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. UBS Group lifted their price objective on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.20.
Read Our Latest Research Report on Futu
Futu Company Profile
(
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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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