Csenge Advisory Group Acquires New Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Csenge Advisory Group purchased a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,276 shares of the company's stock, valued at approximately $422,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Aspex Management HK Ltd lifted its holdings in Futu by 2.4% during the 3rd quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company's stock valued at $435,497,000 after purchasing an additional 108,219 shares during the last quarter. Hhlr Advisors LTD. lifted its holdings in Futu by 46.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company's stock valued at $100,537,000 after purchasing an additional 335,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Futu by 502.2% during 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 valued at $53,444,000 after purchasing an additional 465,961 shares during the last quarter. Geode Capital Management LLC raised its stake 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 last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Futu in the third quarter worth about $39,943,000.

Futu Trading Up 0.7 %

Shares of FUTU traded up $0.81 on Friday, reaching $121.40. 4,369,566 shares of the company's stock were exchanged, compared to its average volume of 2,708,801. The stock has a market capitalization of $16.73 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76. The business has a 50 day moving average price of $92.35 and a two-hundred day moving average price of $85.27. Futu Holdings Limited has a 12 month low of $49.63 and a 12 month high of $130.88.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FUTU. Citigroup downgraded shares of Futu from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $79.00 to $95.00 in a research note on Tuesday, November 19th. Morgan Stanley raised shares of Futu from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $115.00 in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Futu presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.40.

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.