Aigen Investment Management LP Buys Shares of 5,579 Futu Holdings Limited (NASDAQ:FUTU)

Aigen Investment Management LP purchased a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,579 shares of the company's stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUTU. Aspex Management HK Ltd boosted its position in shares of Futu by 2.4% during the third quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company's stock valued at $435,497,000 after buying an additional 108,219 shares during the last quarter. Hhlr Advisors LTD. lifted its stake 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 acquiring an additional 335,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 worth $53,444,000 after acquiring an additional 465,961 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Futu by 3.3% in the 3rd 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Futu in the third quarter valued at about $39,943,000.

Futu Stock Performance

FUTU stock traded down $3.79 during mid-day trading on Friday, hitting $113.00. The company had a trading volume of 2,524,056 shares, compared to its average volume of 2,775,027. Futu Holdings Limited has a 12 month low of $51.80 and a 12 month high of $130.88. The stock's fifty day moving average price is $97.71 and its two-hundred day moving average price is $88.95. The firm has a market cap of $15.57 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

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Analyst Ratings Changes

FUTU has been the topic of several analyst reports. Citigroup cut shares of Futu from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. Morgan Stanley upgraded 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.40.

About Futu

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.