Renaissance Technologies LLC lowered its position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 127,926 shares of the company's stock after selling 224,286 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of Futu worth $10,233,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Futu by 1,245.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after purchasing an additional 411 shares during the period. Rakuten Securities Inc. raised its position in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares during the last quarter. Assetmark Inc. lifted its stake in Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after acquiring an additional 760 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after acquiring an additional 184 shares during the last quarter. Finally, Vestcor Inc increased its stake in shares of Futu by 19.2% in the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after acquiring an additional 146 shares during the period.
Futu Price Performance
FUTU stock traded up $5.12 during midday trading on Tuesday, hitting $85.34. 2,839,829 shares of the stock traded hands, compared to its average volume of 2,829,258. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The stock's fifty day simple moving average is $102.10 and its 200-day simple moving average is $95.20. The firm has a market cap of $11.76 billion, a P/E ratio of 20.92, a PEG ratio of 0.79 and a beta of 0.67.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on FUTU. JPMorgan Chase & Co. boosted their target price on shares of Futu from $160.00 to $170.00 and gave the company 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.
Read Our Latest Research Report 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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