Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Receives $139.32 Average PT from Brokerages

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $139.32.

A number of equities analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Barclays assumed coverage on shares of Futu in a research note on Thursday. They issued an "overweight" rating and a $176.00 price target on the stock.

Futu Stock Performance

Shares of NASDAQ FUTU traded up $10.51 during mid-day trading on Thursday, hitting $160.57. 6,478,908 shares of the stock were exchanged, compared to its average volume of 3,014,487. The company has a market cap of $22.34 billion, a P/E ratio of 26.76, a PEG ratio of 1.27 and a beta of 0.60. The stock's fifty day simple moving average is $119.49 and its two-hundred day simple moving average is $105.46. Futu has a twelve month low of $51.80 and a twelve month high of $169.80.

Futu (NASDAQ:FUTU - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.01. Futu had a net margin of 41.74% and a return on equity of 23.07%. The firm had revenue of $603.43 million during the quarter, compared to analyst estimates of $594.86 million. As a group, equities research analysts predict that Futu will post 4.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Futu

Large investors have recently bought and sold shares of the stock. Lifestyle Asset Management Inc. grew its holdings in shares of Futu by 2.1% during the second quarter. Lifestyle Asset Management Inc. now owns 3,971 shares of the company's stock valued at $491,000 after buying an additional 83 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Futu by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock valued at $358,000 after purchasing an additional 87 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Futu by 1.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after purchasing an additional 113 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Futu by 15.9% during the second quarter. GAMMA Investing LLC now owns 1,026 shares of the company's stock valued at $127,000 after purchasing an additional 141 shares in the last quarter. Finally, Vestcor Inc lifted its position in shares of Futu by 19.2% during the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after purchasing an additional 146 shares in the last quarter.

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.