Futu Holdings Limited (NASDAQ:FUTU) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. decreased its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,482 shares of the company's stock after selling 17,828 shares during the quarter. Nomura Holdings Inc.'s holdings in Futu were worth $2,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FUTU. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Futu in the fourth quarter valued at $116,315,000. Hhlr Advisors LTD. grew its stake in shares of Futu by 6.4% in the fourth quarter. Hhlr Advisors LTD. now owns 1,118,303 shares of the company's stock valued at $89,453,000 after buying an additional 67,214 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Futu by 4.0% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in shares of Futu in the fourth quarter valued at $39,163,000. Finally, SG Americas Securities LLC grew its stake in Futu by 236.6% during the 4th quarter. SG Americas Securities LLC now owns 374,193 shares of the company's stock worth $29,932,000 after purchasing an additional 263,040 shares in the last quarter.

Futu Stock Up 1.7%

FUTU opened at $107.58 on Friday. The business has a 50 day moving average price of $96.83 and a two-hundred day moving average price of $95.21. The company has a market cap of $14.97 billion, a PE ratio of 26.37, a P/E/G ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 52 week low of $51.80 and a 52 week high of $130.88.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FUTU shares. JPMorgan Chase & Co. boosted their target price on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. UBS Group boosted their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.20.

About Futu

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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