Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $139.32.

Several analysts have recently commented on FUTU shares. Bank of America lifted their price target on shares of Futu from $123.70 to $143.90 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Barclays started coverage on shares of Futu in a research report on Thursday. They set an "overweight" rating and a $176.00 price target on the stock.

Futu Stock Performance

FUTU stock traded up $3.96 during trading on Thursday, reaching $147.55. The company had a trading volume of 848,742 shares, compared to its average volume of 2,972,264. The firm has a 50-day simple moving average of $117.40 and a 200-day simple moving average of $104.07. The company has a market cap of $20.53 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. Futu has a twelve month low of $51.80 and a twelve month high of $151.36.

Futu (NASDAQ:FUTU - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.01. The firm had revenue of $603.43 million during the quarter, compared to analyst estimates of $594.86 million. Futu had a net margin of 41.74% and a return on equity of 23.07%. Sell-side analysts expect that Futu will post 4.94 earnings per share for the current year.

Institutional Trading of Futu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hhlr Advisors LTD. grew its holdings in shares of Futu by 285.2% during the 1st quarter. Hhlr Advisors LTD. now owns 4,307,492 shares of the company's stock worth $440,872,000 after purchasing an additional 3,189,189 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Futu during the 4th quarter worth about $116,315,000. Trivest Advisors Ltd purchased a new stake in shares of Futu during the 1st quarter worth about $98,651,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Futu by 883.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 989,367 shares of the company's stock worth $101,262,000 after purchasing an additional 888,760 shares during the period. Finally, Yong Rong HK Asset Management Ltd acquired a new position in Futu during the 1st quarter worth approximately $77,172,000.

Futu Company 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.

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