Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $151.36 and last traded at $146.90, with a volume of 2269627 shares traded. The stock had previously closed at $149.99.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on FUTU shares. Bank of America boosted their price objective on Futu from $123.70 to $143.90 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Barclays started coverage on Futu in a research report on Thursday. They set an "overweight" rating and a $176.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.32.
Get Our Latest Research Report on Futu
Futu Stock Performance
The stock has a market capitalization of $22.44 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 1.13 and a beta of 0.60. The company has a fifty day simple moving average of $118.33 and a 200 day simple moving average of $104.55.
Futu (NASDAQ:FUTU - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.01. The company had revenue of $603.43 million for the quarter, compared to the consensus estimate of $594.86 million. Futu had a return on equity of 23.07% and a net margin of 41.74%. As a group, equities analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current fiscal year.
Institutional Trading of Futu
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. bought a new position in shares of Futu in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. bought a new position in shares of Futu in the first quarter valued at approximately $27,000. Allianz SE bought a new position in shares of Futu in the first quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Futu by 77.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after purchasing an additional 197 shares during the period. Finally, SVB Wealth LLC bought a new position in Futu during the first quarter valued at $40,000.
About Futu
(
Get 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.
Featured Articles
Before you consider Futu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.
While Futu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
