Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $105.64, but opened at $110.30. Futu shares last traded at $105.45, with a volume of 815,369 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on FUTU shares. Citigroup cut 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. Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $70.00 to $115.00 in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Futu presently has an average rating of "Moderate Buy" and a consensus price target of $91.40.
View Our Latest Analysis on FUTU
Futu Trading Up 1.8 %
The firm has a 50-day moving average price of $88.33 and a 200-day moving average price of $82.89. The stock has a market capitalization of $16.25 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 0.77 and a beta of 0.76.
Futu Announces Dividend
The business also recently announced a -- dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, December 6th.
Institutional Trading of Futu
Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after purchasing an additional 411 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after acquiring an additional 482 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Futu by 181.5% during the third quarter. GAMMA Investing LLC now owns 594 shares of the company's stock valued at $57,000 after buying an additional 383 shares during the period. Assetmark Inc. increased its position 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 purchasing an additional 760 shares during the period. Finally, CWM LLC grew its holdings in shares of Futu by 67.7% during 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 period.
About Futu
(
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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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