Dorsey Wright & Associates acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,750 shares of the company's stock, valued at approximately $1,500,000.
A number of other hedge funds have also modified their holdings of the stock. Aspex Management HK Ltd lifted its position in shares of Futu by 2.4% during the third quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company's stock worth $435,497,000 after purchasing an additional 108,219 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Futu during the fourth quarter worth $116,315,000. Hhlr Advisors LTD. lifted its stake 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 valued at $100,537,000 after acquiring an additional 335,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Futu by 502.2% in 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 acquiring an additional 465,961 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Futu by 3.3% in the third quarter. Geode Capital Management LLC now owns 545,949 shares of the company's stock worth $51,475,000 after purchasing an additional 17,513 shares during the period.
Futu Price Performance
NASDAQ:FUTU traded down $5.14 during trading hours on Thursday, reaching $98.33. 2,052,378 shares of the stock were exchanged, compared to its average volume of 2,632,476. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88. The stock has a market cap of $13.55 billion, a PE ratio of 24.10, a PEG ratio of 0.79 and a beta of 0.78. The firm has a 50 day moving average of $108.35 and a 200 day moving average of $95.60.
Analyst Ratings Changes
Several brokerages have commented on FUTU. UBS Group upped their target price on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. One research 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 company has an average rating of "Moderate Buy" and a consensus target price of $121.20.
Check Out Our Latest Analysis on Futu
About Futu
(
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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