Futu Holdings Limited (NASDAQ:FUTU - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $96.90, but opened at $101.68. Futu shares last traded at $101.70, with a volume of 737,922 shares.
Analyst Ratings Changes
Separately, Bank of America lifted their price objective on Futu from $80.20 to $90.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.97.
View Our Latest Stock Report on Futu
Futu Stock Up 2.2 %
The business has a fifty day simple moving average of $83.71 and a two-hundred day simple moving average of $73.01. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 0.99 and a beta of 0.75.
Futu (NASDAQ:FUTU - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. The business had revenue of $400.73 million for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. As a group, equities analysts predict that Futu Holdings Limited will post 4.75 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in Futu by 6.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,387 shares of the company's stock worth $238,000 after buying an additional 269 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Futu by 6.7% during the 1st quarter. BNP Paribas Financial Markets now owns 100,616 shares of the company's stock worth $5,448,000 after buying an additional 6,317 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Futu by 24.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,318 shares of the company's stock valued at $559,000 after acquiring an additional 2,011 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Futu by 8.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the company's stock valued at $206,000 after acquiring an additional 300 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Futu during the 1st quarter valued at $3,032,000.
About Futu
(
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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