Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) shares gapped up prior to trading on Friday after UBS Group raised their price target on the stock from $130.00 to $136.00. The stock had previously closed at $107.52, but opened at $112.99. UBS Group currently has a buy rating on the stock. Futu shares last traded at $118.73, with a volume of 2,426,029 shares changing hands.
A number of other research firms have also recently weighed in on FUTU. JPMorgan Chase & Co. lifted 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. Morgan Stanley upgraded shares of Futu from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Finally, Citigroup lowered shares of Futu from a "buy" rating to a "neutral" rating and lifted their target price for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $111.83.
Check Out Our Latest Report on Futu
Hedge Funds Weigh In On Futu
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position in Futu by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,475 shares of the company's stock worth $358,000 after acquiring an additional 87 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Futu by 1.2% during 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 acquiring an additional 113 shares during the last quarter. Rhumbline Advisers boosted its position in Futu by 0.6% during the fourth quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock worth $1,842,000 after acquiring an additional 144 shares during the last quarter. Vestcor Inc boosted its position in Futu by 19.2% during 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 last quarter. Finally, Voya Investment Management LLC raised its stake in Futu by 1.6% during the fourth quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock worth $764,000 after purchasing an additional 153 shares during the period.
Futu Price Performance
The business's 50 day simple moving average is $102.81 and its 200 day simple moving average is $92.19. The company has a market capitalization of $15.77 billion, a PE ratio of 28.06, a P/E/G ratio of 0.79 and a beta of 0.78.
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.
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