Futu Holdings Limited (NASDAQ:FUTU - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $93.89, but opened at $87.82. Futu shares last traded at $87.96, with a volume of 1,395,581 shares trading hands.
Analyst Ratings Changes
A number of research firms have weighed in on FUTU. JPMorgan Chase & Co. raised their price target on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. UBS Group raised their price target on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, 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
The stock has a 50-day moving average price of $99.52 and a 200 day moving average price of $94.40. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 0.79 and a beta of 0.67.
Institutional Investors Weigh In On Futu
Several large investors have recently modified their holdings of FUTU. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Futu during the fourth quarter worth $116,315,000. Point72 Hong Kong Ltd lifted its holdings in shares of 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. Norges Bank acquired a new stake in shares of Futu during the fourth quarter worth $39,163,000. Candriam S.C.A. acquired a new stake in shares of Futu during the fourth quarter worth $28,004,000. Finally, Man Group plc acquired a new stake in shares of Futu during the fourth quarter worth $25,430,000.
Futu Company Profile
(
Get 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.
Featured Stories
Before you consider Futu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.
While Futu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
