Asset Management One Co. Ltd. Has $1.78 Million Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Asset Management One Co. Ltd. trimmed its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,510 shares of the company's stock after selling 8,082 shares during the period. Asset Management One Co. Ltd.'s holdings in Futu were worth $1,782,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Futu by 14.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company's stock valued at $84,000 after acquiring an additional 112 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after acquiring an additional 184 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Futu by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 5,403 shares of the company's stock valued at $517,000 after acquiring an additional 222 shares in the last quarter. CWM LLC lifted its position in shares of Futu by 67.7% in the 3rd quarter. CWM LLC now owns 743 shares of the company's stock valued at $71,000 after acquiring an additional 300 shares in the last quarter. Finally, Lifestyle Asset Management Inc. lifted its position in shares of Futu by 6.1% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 5,373 shares of the company's stock valued at $514,000 after acquiring an additional 307 shares in the last quarter.

Futu Price Performance

Shares of Futu stock traded up $0.81 during trading on Friday, hitting $121.40. 4,369,566 shares of the company's stock traded hands, compared to its average volume of 2,772,165. The firm's fifty day moving average price is $93.05 and its 200 day moving average price is $85.73. Futu Holdings Limited has a twelve month low of $49.63 and a twelve month high of $130.88. The company has a market cap of $16.73 billion, a PE ratio of 29.75, a PEG ratio of 0.79 and a beta of 0.76.

Analysts Set New Price Targets

FUTU has been the subject of several research analyst reports. Morgan Stanley upgraded shares of Futu from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Citigroup downgraded shares of Futu from a "buy" rating to a "neutral" rating and increased their target price for the stock from $79.00 to $95.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.