6,067 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,067 shares of the company's stock, valued at approximately $457,000.

A number of other hedge funds have also recently added to or reduced their stakes in FUTU. Aspex Management HK Ltd lifted its position in shares of Futu by 2.4% during the 3rd quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company's stock valued at $435,497,000 after acquiring an additional 108,219 shares during the period. Marshall Wace LLP boosted its stake in shares of Futu by 71.5% during the 2nd quarter. Marshall Wace LLP now owns 1,521,314 shares of the company's stock worth $99,813,000 after purchasing an additional 634,369 shares during the last quarter. Hhlr Advisors LTD. grew its holdings in shares of Futu by 46.8% during the third quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company's stock worth $100,537,000 after buying an additional 335,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Futu by 502.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company's stock valued at $53,444,000 after buying an additional 465,961 shares during the period. Finally, Geode Capital Management LLC grew its stake in Futu by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 545,949 shares of the company's stock worth $51,475,000 after acquiring an additional 17,513 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on FUTU shares. Citigroup cut Futu from a "buy" rating to a "neutral" rating and lifted their price target for the company from $79.00 to $95.00 in a report on Tuesday, November 19th. Bank of America boosted their target price on Futu from $80.20 to $90.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Finally, Morgan Stanley upgraded shares of Futu from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $70.00 to $115.00 in a report on Monday, November 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.40.

Futu Trading Up 3.6 %

NASDAQ:FUTU traded up $3.18 during trading hours on Thursday, hitting $92.44. The stock had a trading volume of 1,918,682 shares, compared to its average volume of 2,305,652. The business has a 50 day simple moving average of $84.47 and a two-hundred day simple moving average of $79.23. Futu Holdings Limited has a 1-year low of $45.15 and a 1-year high of $130.50. The company has a market cap of $12.74 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75.

Futu Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 6th were issued a $2.00 dividend. The ex-dividend date of this dividend was 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.