Tower Research Capital LLC TRC boosted its position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 4,876.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,588 shares of the company's stock after acquiring an additional 2,536 shares during the period. Tower Research Capital LLC TRC's holdings in Futu were worth $207,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FUTU. Smartleaf Asset Management LLC boosted its position in Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after buying an additional 411 shares during the last quarter. Rakuten Securities Inc. boosted its position in Futu by 239.8% in the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after buying an additional 482 shares during the last quarter. Assetmark Inc. boosted its position in Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after buying an additional 760 shares during the last quarter. GAMMA Investing LLC boosted its position in 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 buying an additional 184 shares during the last quarter. Finally, Vestcor Inc boosted its position in Futu by 19.2% in 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 last quarter.
Wall Street Analysts Forecast Growth
FUTU has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. UBS Group boosted their price target on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Futu has an average rating of "Moderate Buy" and a consensus price target of $121.20.
Get Our Latest Report on FUTU
Futu Stock Performance
Shares of FUTU stock traded down $1.19 on Friday, reaching $102.34. 1,534,229 shares of the company's stock traded hands, compared to its average volume of 2,830,842. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88. The company has a market capitalization of $14.24 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. The business's 50 day moving average price is $97.22 and its two-hundred day moving average price is $94.72.
Futu Profile
(
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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