Franklin Resources Inc. bought a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,024 shares of the company's stock, valued at approximately $642,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after purchasing an additional 113 shares during the period. Rhumbline Advisers raised its holdings in shares of Futu by 0.6% during the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock valued at $1,842,000 after buying an additional 144 shares during the period. Vestcor Inc lifted its position in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after acquiring an additional 146 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after acquiring an additional 184 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after acquiring an additional 411 shares during the period.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on FUTU. UBS Group boosted their target price on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Futu has a consensus rating of "Moderate Buy" and a consensus target price of $121.20.
Read Our Latest Research Report on FUTU
Futu Price Performance
Shares of NASDAQ:FUTU traded down $0.85 during midday trading on Friday, reaching $79.65. The company had a trading volume of 1,843,527 shares, compared to its average volume of 2,827,835. The stock's fifty day moving average price is $103.46 and its 200-day moving average price is $95.91. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88. The stock has a market capitalization of $10.98 billion, a P/E ratio of 19.52, a PEG ratio of 0.79 and a beta of 0.67.
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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