Shares of Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $114.70, but opened at $110.40. Futu shares last traded at $110.29, with a volume of 733,425 shares.
Wall Street Analyst Weigh In
Several equities analysts have commented on FUTU shares. JPMorgan Chase & Co. upped their price objective on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. UBS Group upped their price target on shares of Futu from $130.00 to $136.00 and gave the stock 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, Futu presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.
View Our Latest Report on Futu
Futu Stock Performance
The company has a fifty day simple moving average of $104.81 and a two-hundred day simple moving average of $93.21. The firm has a market capitalization of $14.87 billion, a PE ratio of 26.45, a PEG ratio of 0.79 and a beta of 0.78.
Institutional Trading of Futu
A number of hedge funds have recently added to or reduced their stakes in FUTU. Mackenzie Financial Corp raised its holdings in shares of Futu by 2.0% in the 4th quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock valued at $358,000 after purchasing an additional 87 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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 worth $746,000 after buying an additional 113 shares in the last quarter. Rhumbline Advisers boosted its position in 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 acquiring an additional 144 shares in the last quarter. Vestcor Inc boosted its position in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after acquiring an additional 146 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Futu by 1.6% in the 4th quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock valued at $764,000 after acquiring an additional 153 shares during the period.
Futu Company Profile
(
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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.
Further Reading
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