Stifel Financial Corp Purchases Shares of 4,367 Futu Holdings Limited (NASDAQ:FUTU)

Stifel Financial Corp purchased a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,367 shares of the company's stock, valued at approximately $349,000.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Futu by 4,876.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,588 shares of the company's stock valued at $207,000 after acquiring an additional 2,536 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Futu by 10.2% in the fourth quarter. MetLife Investment Management LLC now owns 6,500 shares of the company's stock worth $520,000 after buying an additional 600 shares in the last quarter. Natixis lifted its position in shares of Futu by 23.4% in the fourth quarter. Natixis now owns 3,635 shares of the company's stock worth $291,000 after buying an additional 690 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Futu by 50.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 66,117 shares of the company's stock worth $5,286,000 after buying an additional 22,211 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Futu by 17,800.0% in the fourth quarter. NewEdge Advisors LLC now owns 3,043 shares of the company's stock worth $243,000 after buying an additional 3,026 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on FUTU. UBS Group boosted 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. upped their price objective on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Futu presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.20.

Futu Stock Performance

FUTU opened at $112.34 on Wednesday. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 0.79 and a beta of 0.67. The stock's 50 day moving average price is $96.92 and its 200-day moving average price is $94.97. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88.

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.

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