Valliance Asset Management Ltd acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company's stock, valued at approximately $956,000. Futu accounts for approximately 1.2% of Valliance Asset Management Ltd's investment portfolio, making the stock its 6th biggest holding.
A number of other hedge funds and other institutional investors also recently modified their holdings of FUTU. UniSuper Management Pty Ltd boosted its stake in shares of Futu by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 800 shares of the company's stock valued at $43,000 after purchasing an additional 400 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Futu in the 2nd quarter worth $50,000. GAMMA Investing LLC boosted its position in Futu by 181.5% in the 3rd quarter. GAMMA Investing LLC now owns 594 shares of the company's stock valued at $57,000 after buying an additional 383 shares during the last quarter. CWM LLC boosted its position in Futu by 67.7% in the 3rd quarter. CWM LLC now owns 743 shares of the company's stock valued at $71,000 after buying an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Futu during the second quarter valued at about $123,000.
Futu Price Performance
NASDAQ:FUTU traded down $14.15 during mid-day trading on Friday, reaching $94.51. The stock had a trading volume of 6,850,034 shares, compared to its average volume of 2,340,753. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.01 and a beta of 0.75. Futu Holdings Limited has a 1-year low of $43.61 and a 1-year high of $130.50. The stock's 50 day simple moving average is $86.18 and its two-hundred day simple moving average is $73.73.
Futu (NASDAQ:FUTU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $1.11 earnings per share for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. The business had revenue of $400.73 million during the quarter. Sell-side analysts anticipate that Futu Holdings Limited will post 4.75 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Bank of America boosted their price target on Futu from $80.20 to $90.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.97.
Check Out Our Latest Stock Analysis on Futu
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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