Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $87.33.
A number of analysts have recently issued reports on FUTU shares. Bank of America lifted their price objective on shares of Futu from $80.20 to $90.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $70.00 to $115.00 in a research note on Monday, November 18th. Finally, Citigroup lowered Futu from a "buy" rating to a "neutral" rating and increased their price objective for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th.
Read Our Latest Stock Analysis on Futu
Futu Stock Performance
Futu stock traded down $0.64 during mid-day trading on Thursday, hitting $85.24. 1,844,952 shares of the company traded hands, compared to its average volume of 2,375,233. Futu has a one year low of $43.61 and a one year high of $130.50. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The stock has a fifty day moving average price of $95.24 and a 200-day moving average price of $76.79.
Futu Announces Dividend
The business also recently disclosed a -- dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, December 6th.
Hedge Funds Weigh In On Futu
A number of large investors have recently bought and sold shares of FUTU. GAMMA Investing LLC grew its holdings in shares of Futu by 181.5% in the third quarter. GAMMA Investing LLC now owns 594 shares of the company's stock worth $57,000 after purchasing an additional 383 shares during the last quarter. CWM LLC grew its holdings in Futu by 67.7% in the 3rd quarter. CWM LLC now owns 743 shares of the company's stock worth $71,000 after acquiring an additional 300 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Futu in the second quarter valued at about $50,000. Venturi Wealth Management LLC bought a new position in shares of Futu during the third quarter valued at about $92,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Futu during the second quarter worth about $123,000.
Futu Company Profile
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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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