Futu Holdings Limited (NASDAQ:FUTU) Shares Sold by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. decreased its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 45.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,500 shares of the company's stock after selling 5,500 shares during the quarter. Oberweis Asset Management Inc.'s holdings in Futu were worth $520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after buying an additional 411 shares during the last quarter. Rakuten Securities Inc. increased its position in Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after purchasing an additional 482 shares during the last quarter. Assetmark Inc. raised its stake in Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after purchasing an additional 760 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after purchasing an additional 184 shares during the last quarter. Finally, Vestcor Inc grew its stake in shares of Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after buying an additional 146 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FUTU. UBS Group increased their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. boosted their target price on Futu from $160.00 to $170.00 and gave the stock 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 company's stock. According to data from MarketBeat, Futu currently has a consensus rating of "Moderate Buy" and an average price target of $121.20.

Futu Trading Up 0.1 %

Shares of FUTU traded up $0.05 during midday trading on Wednesday, reaching $92.12. 687,672 shares of the company were exchanged, compared to its average volume of 2,829,134. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 0.79 and a beta of 0.67. The stock has a 50-day moving average price of $98.95 and a 200-day moving average price of $94.38.

Futu 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.