Futu Holdings Limited (NASDAQ:FUTU) Stock Holdings Trimmed by Aviva PLC

Aviva PLC lowered its holdings in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,008 shares of the company's stock after selling 31,109 shares during the period. Aviva PLC owned approximately 0.10% of Futu worth $10,879,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after buying an additional 411 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after buying an additional 482 shares during the last quarter. Assetmark Inc. increased its stake in shares of Futu by 15,200.0% in the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after buying an additional 760 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 184 shares in the last quarter. Finally, Vestcor Inc grew its holdings in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after acquiring an additional 146 shares in the last quarter.

Futu Trading Up 7.7 %

FUTU traded up $6.17 during trading on Monday, reaching $86.56. 2,401,724 shares of the company were exchanged, compared to its average volume of 2,779,812. Futu Holdings Limited has a 52 week low of $51.80 and a 52 week high of $130.88. The firm has a 50 day moving average of $105.49 and a 200 day moving average of $96.42. The stock has a market cap of $11.93 billion, a P/E ratio of 21.22, a PEG ratio of 0.79 and a beta of 0.67.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their price target on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research 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's 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 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.