Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $117.30, but opened at $125.20. Futu shares last traded at $122.81, with a volume of 1,756,293 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on FUTU. UBS Group lifted their target price on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. Bank of America lifted their target price on Futu from $123.70 to $143.90 and gave the company a "buy" rating in a report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. lifted their target price on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $131.98.
Read Our Latest Analysis on FUTU
Futu Stock Performance
The stock has a market cap of $16.87 billion, a P/E ratio of 20.21, a P/E/G ratio of 0.98 and a beta of 0.58. The stock has a 50-day moving average price of $106.86 and a 200-day moving average price of $99.73.
Futu (NASDAQ:FUTU - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $603.43 million during 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%. Sell-side analysts forecast that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current fiscal year.
Institutional Trading of Futu
Large investors have recently modified their holdings of the business. Rhumbline Advisers lifted its position in Futu by 0.6% in the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock worth $1,842,000 after buying an additional 144 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Futu in the 4th quarter worth approximately $2,436,000. Bank of New York Mellon Corp lifted its position in Futu by 4.6% in the 4th quarter. Bank of New York Mellon Corp now owns 90,267 shares of the company's stock worth $7,220,000 after buying an additional 3,968 shares during the last quarter. US Bancorp DE lifted its position in Futu by 138.7% in the 4th quarter. US Bancorp DE now owns 16,067 shares of the company's stock worth $1,285,000 after buying an additional 9,336 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new stake in Futu in the 4th quarter worth approximately $1,070,000.
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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
