Shares of Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $121.20.
Several equities analysts have commented on FUTU shares. UBS Group upped their price objective on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th.
View Our Latest Stock Report on FUTU
Institutional Investors Weigh In On Futu
A number of institutional investors have recently modified their holdings of the business. Aspex Management HK Ltd boosted its position in shares of Futu by 2.4% in the third 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. Arrowstreet Capital Limited Partnership bought a new stake in Futu during the fourth quarter worth about $116,315,000. Hhlr Advisors LTD. lifted its position in Futu by 6.4% during the fourth quarter. Hhlr Advisors LTD. now owns 1,118,303 shares of the company's stock worth $89,453,000 after purchasing an additional 67,214 shares during the period. Point72 Hong Kong Ltd lifted its position in Futu by 170.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 830,842 shares of the company's stock worth $66,459,000 after purchasing an additional 523,808 shares during the period. Finally, Geode Capital Management LLC lifted its position in Futu by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 567,635 shares of the company's stock worth $44,890,000 after purchasing an additional 21,686 shares during the period.
Futu Trading Down 2.2 %
Shares of NASDAQ:FUTU traded down $2.44 on Monday, hitting $106.69. The company had a trading volume of 1,217,479 shares, compared to its average volume of 2,534,216. Futu has a 1-year low of $51.80 and a 1-year high of $130.88. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 0.79 and a beta of 0.78. The stock has a 50 day moving average price of $104.19 and a 200 day moving average price of $92.46.
About Futu
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Get Free ReportFutu 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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