Brilliance Asset Management Ltd. purchased a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 181,774 shares of the company's stock, valued at approximately $14,540,000. Futu makes up 3.3% of Brilliance Asset Management Ltd.'s holdings, making the stock its 7th largest holding. Brilliance Asset Management Ltd. owned 0.13% of Futu as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Natixis Advisors LLC bought a new position in shares of Futu during the 3rd quarter valued at about $1,100,000. Charles Schwab Investment Management Inc. boosted its holdings in Futu by 19.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,669 shares of the company's stock valued at $5,420,000 after acquiring an additional 9,221 shares during the period. Citigroup Inc. lifted its holdings in Futu by 31.6% during the 3rd quarter. Citigroup Inc. now owns 215,419 shares of the company's stock valued at $20,605,000 after buying an additional 51,765 shares in the last quarter. Quantbot Technologies LP bought a new position in Futu in the third quarter worth approximately $891,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Futu in the 3rd quarter worth approximately $39,943,000.
Futu Stock Performance
NASDAQ FUTU traded down $2.56 during trading hours on Monday, hitting $101.06. The company had a trading volume of 1,597,627 shares, compared to its average volume of 2,623,779. The business has a 50 day moving average of $107.52 and a 200-day moving average of $94.91. The company has a market cap of $13.93 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. UBS Group upped their target price on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. One investment 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, Futu currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.20.
Check Out Our Latest Analysis on Futu
Futu Company Profile
(
Free Report)
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.
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