Futu Holdings Limited (NASDAQ:FUTU) Position Boosted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 109.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 410,524 shares of the company's stock after purchasing an additional 214,135 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.30% of Futu worth $39,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FUTU. Price T Rowe Associates Inc. MD raised its stake in shares of Futu by 19.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,187 shares of the company's stock valued at $552,000 after purchasing an additional 1,687 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Futu by 1.4% in the 1st quarter. California State Teachers Retirement System now owns 69,289 shares of the company's stock worth $3,752,000 after acquiring an additional 960 shares during the period. Virtu Financial LLC bought a new position in shares of Futu in the first quarter valued at approximately $325,000. DekaBank Deutsche Girozentrale increased its stake in shares of Futu by 3.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,346 shares of the company's stock valued at $394,000 after acquiring an additional 230 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Futu by 6.8% during the second quarter. QRG Capital Management Inc. now owns 12,954 shares of the company's stock valued at $850,000 after acquiring an additional 824 shares during the period.

Analyst Upgrades and Downgrades

FUTU has been the subject of a number of research analyst reports. Citigroup downgraded Futu from a "buy" rating to a "neutral" rating and upped their target price for the stock from $79.00 to $95.00 in a research report on Tuesday, November 19th. Bank of America upped their price objective on Futu from $80.20 to $90.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $70.00 to $115.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.33.

Futu Price Performance

Shares of FUTU traded down $1.91 during trading hours on Monday, hitting $85.32. 1,482,372 shares of the company were exchanged, compared to its average volume of 2,350,421. The company has a market capitalization of $11.76 billion, a PE ratio of 20.94, a PEG ratio of 0.89 and a beta of 0.75. The firm has a fifty day simple moving average of $95.24 and a 200-day simple moving average of $76.19. Futu Holdings Limited has a one year low of $43.61 and a one year high of $130.50.

Futu Announces Dividend

The business also recently declared a -- dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a $2.00 dividend. The ex-dividend date is Friday, December 6th.

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.