CANADA LIFE ASSURANCE Co grew its position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,117 shares of the company's stock after buying an additional 22,211 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Futu were worth $5,286,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Futu in the 4th quarter worth approximately $116,315,000. Geode Capital Management LLC lifted its position in shares of Futu by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 567,635 shares of the company's stock valued at $44,890,000 after buying an additional 21,686 shares during the last quarter. Norges Bank purchased a new stake in Futu in the 4th quarter worth about $39,163,000. SG Americas Securities LLC lifted its holdings 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 purchasing an additional 263,040 shares during the last quarter. Finally, Candriam S.C.A. bought a new stake in shares of Futu in the fourth quarter valued at approximately $28,004,000.
Futu Stock Up 2.0 %
Shares of Futu stock traded up $1.80 during trading on Tuesday, reaching $91.48. 424,564 shares of the stock were exchanged, compared to its average volume of 3,015,989. The stock's fifty day moving average is $99.52 and its 200 day moving average is $94.40. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88.
Analyst Upgrades and Downgrades
FUTU has been the topic of several recent research reports. JPMorgan Chase & Co. increased 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. UBS Group boosted their price objective on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.20.
Read Our Latest Stock 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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