APG Asset Management N.V. Takes $3.40 Million Position in Futu Holdings Limited (NASDAQ:FUTU)

APG Asset Management N.V. bought a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 44,000 shares of the company's stock, valued at approximately $3,399,000.

Several other institutional investors have also modified their holdings of the stock. FIL Ltd purchased a new position in Futu during the fourth quarter worth about $8,047,000. Invesco Ltd. lifted its holdings in Futu by 0.4% in the fourth quarter. Invesco Ltd. now owns 155,619 shares of the company's stock valued at $12,448,000 after acquiring an additional 602 shares during the last quarter. Russell Investments Group Ltd. grew its position in Futu by 251.9% in the fourth quarter. Russell Investments Group Ltd. now owns 27,697 shares of the company's stock worth $2,216,000 after acquiring an additional 19,826 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Futu in the fourth quarter valued at $1,158,000. Finally, Hel Ved Capital Management Ltd acquired a new position in shares of Futu in the 4th quarter valued at $12,398,000.

Analyst Ratings Changes

Several analysts recently issued reports on FUTU shares. UBS Group boosted their price objective on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.20.

Futu Price Performance

Shares of NASDAQ FUTU traded down $0.81 during mid-day trading on Thursday, hitting $79.69. The company had a trading volume of 982,396 shares, compared to its average volume of 2,799,162. The business's 50-day simple moving average is $104.55 and its 200 day simple moving average is $96.22. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The company has a market capitalization of $10.98 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67.

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.