Achmea Investment Management B.V. Acquires New Shares in Futu Holdings Limited (NASDAQ:FUTU)

Achmea Investment Management B.V. purchased a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,371 shares of the company's stock, valued at approximately $909,000.

A number of other institutional investors have also recently bought and sold shares of FUTU. Smartleaf Asset Management LLC boosted its stake in shares of Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after acquiring an additional 411 shares during the period. Rakuten Securities Inc. boosted 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 period. Assetmark Inc. raised its position in shares of Futu by 15,200.0% in the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after purchasing an additional 760 shares during the period. GAMMA Investing LLC lifted its stake in shares of Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after buying an additional 184 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in shares of Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after buying an additional 146 shares during the period.

Futu Stock Up 0.2 %

Shares of FUTU traded up $0.23 during trading hours on Wednesday, hitting $114.70. 1,632,604 shares of the company were exchanged, compared to its average volume of 2,527,232. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 0.79 and a beta of 0.78. Futu Holdings Limited has a fifty-two week low of $51.80 and a fifty-two week high of $130.88. The firm's fifty day moving average is $102.81 and its 200 day moving average is $92.19.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FUTU shares. JPMorgan Chase & Co. raised their price objective 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. Citigroup cut Futu from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. Finally, UBS Group lifted their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.20.

Futu Company 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.