Arrowstreet Capital Limited Partnership Buys New Shares in Futu Holdings Limited (NASDAQ:FUTU)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,454,125 shares of the company's stock, valued at approximately $116,315,000. Arrowstreet Capital Limited Partnership owned about 1.06% of Futu as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock worth $746,000 after acquiring an additional 113 shares during the last quarter. Rhumbline Advisers lifted its stake in Futu by 0.6% in the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock valued at $1,842,000 after purchasing an additional 144 shares during the last quarter. Vestcor Inc boosted its position in Futu by 19.2% in the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after buying an additional 146 shares in the last quarter. GAMMA Investing LLC boosted its position in Futu by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after buying an additional 184 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Futu by 1,245.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after buying an additional 411 shares during the last quarter.

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Analysts Set New Price Targets

FUTU has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. UBS Group lifted their price target on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.20.

Futu Price Performance

Shares of Futu stock traded down $13.98 during trading on Friday, hitting $83.51. The company's stock had a trading volume of 8,685,634 shares, compared to its average volume of 2,677,851. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 52 week low of $51.80 and a 52 week high of $130.88. The stock has a 50-day moving average price of $108.17 and a two-hundred day moving average price of $95.80.

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.