FIL Ltd Takes Position in Futu Holdings Limited (NASDAQ:FUTU)

FIL Ltd acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 100,595 shares of the company's stock, valued at approximately $8,047,000. FIL Ltd owned approximately 0.07% of Futu at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Futu by 1.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock worth $746,000 after acquiring an additional 113 shares during the last quarter. Rhumbline Advisers raised its position in shares of Futu by 0.6% in the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock valued at $1,842,000 after purchasing an additional 144 shares in the last quarter. Vestcor Inc boosted its stake in shares of Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Futu by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after buying an additional 184 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after acquiring an additional 411 shares in the last quarter.

Wall Street Analysts Forecast Growth

FUTU has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. UBS Group boosted their price objective on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Futu has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.

Futu Price Performance

Shares of NASDAQ:FUTU traded down $0.85 during trading on Friday, reaching $79.65. 1,843,527 shares of the company's stock traded hands, compared to its average volume of 2,811,256. The stock has a market capitalization of $10.98 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 12 month low of $51.80 and a 12 month high of $130.88. The company has a 50 day moving average of $103.99 and a 200-day moving average of $96.11.

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.