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 equities analysts recently weighed in on the company. UBS Group upped their price target on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Bank of America upped their price objective on shares of 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. upped their price objective on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.98.
View Our Latest Stock Analysis on FUTU
Futu Price Performance
The stock's fifty day moving average is $105.15 and its 200-day moving average is $99.33. The stock has a market cap of $17.14 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58.
Futu (NASDAQ:FUTU - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.01. The company 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%. On average, sell-side analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.
Institutional Trading of Futu
Several hedge funds have recently made changes to their positions in FUTU. Atlas Capital Advisors Inc. acquired a new stake in Futu in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. acquired a new stake in Futu in the first quarter valued at approximately $27,000. Allianz SE acquired a new stake in Futu in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC raised its holdings in Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after acquiring an additional 411 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $36,000 after purchasing an additional 197 shares in the last quarter.
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.
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