KLP Kapitalforvaltning AS bought a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,700 shares of the company's stock, valued at approximately $2,189,000.
Other hedge funds have also recently modified their holdings of the company. Aspex Management HK Ltd raised its position in Futu by 2.4% in the 3rd quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company's stock worth $435,497,000 after buying an additional 108,219 shares during the last quarter. Hhlr Advisors LTD. grew its position in Futu by 46.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company's stock worth $100,537,000 after purchasing an additional 335,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Futu by 502.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company's stock worth $53,444,000 after buying an additional 465,961 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Futu by 3.3% in the third quarter. Geode Capital Management LLC now owns 545,949 shares of the company's stock worth $51,475,000 after acquiring an additional 17,513 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Futu in the third quarter worth $39,943,000.
Analysts Set New Price Targets
FUTU has been the topic of several research reports. UBS Group raised 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. raised their price objective on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $121.20.
Read Our Latest Report on Futu
Futu Stock Down 0.2 %
NASDAQ FUTU traded down $0.25 on Tuesday, reaching $102.11. The company had a trading volume of 478,002 shares, compared to its average volume of 2,622,287. The stock has a market capitalization of $14.07 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The firm's 50 day moving average price is $107.82 and its 200 day moving average price is $95.23. Futu Holdings Limited has a 12 month low of $51.80 and a 12 month high of $130.88.
About Futu
(
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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