Hhlr Advisors LTD. Purchases 67,214 Shares of Futu Holdings Limited (NASDAQ:FUTU)

Hhlr Advisors LTD. increased its stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,118,303 shares of the company's stock after buying an additional 67,214 shares during the period. Futu comprises 3.1% of Hhlr Advisors LTD.'s portfolio, making the stock its 9th largest holding. Hhlr Advisors LTD. owned 0.81% of Futu worth $89,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FUTU. Virtu Financial LLC increased its position in shares of Futu by 241.1% in the third quarter. Virtu Financial LLC now owns 23,846 shares of the company's stock valued at $2,281,000 after buying an additional 16,855 shares in the last quarter. Tidal Investments LLC increased its holdings in Futu by 135.3% during the 3rd quarter. Tidal Investments LLC now owns 9,517 shares of the company's stock valued at $910,000 after acquiring an additional 5,472 shares in the last quarter. GAMMA Investing LLC raised its position in Futu by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after acquiring an additional 184 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Futu by 101.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 7,495 shares of the company's stock valued at $604,000 after purchasing an additional 3,775 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Futu in the fourth quarter valued at approximately $457,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. increased their price objective on 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.20.

Futu Stock Performance

NASDAQ FUTU traded up $5.09 during trading hours on Friday, hitting $98.60. 2,114,867 shares of the company's stock were exchanged, compared to its average volume of 2,828,372. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88. The business's 50 day moving average is $97.91 and its 200-day moving average is $94.30. The firm has a market capitalization of $13.59 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67.

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.