Futu Holdings Limited (NASDAQ:FUTU - Get Free Report)'s stock price traded down 16.1% during trading on Friday . The stock traded as low as $83.18 and last traded at $81.80. 2,603,826 shares changed hands during trading, a decline of 2% from the average session volume of 2,647,826 shares. The stock had previously closed at $97.49.
Analysts Set New Price Targets
A number of research firms have recently commented on FUTU. UBS Group boosted their price target on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. increased their price target on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. One equities research 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 has an average rating of "Moderate Buy" and an average price target of $121.20.
Get Our Latest Stock Analysis on Futu
Futu Stock Performance
The stock's 50-day simple moving average is $108.17 and its 200-day simple moving average is $96.30. The firm has a market capitalization of $10.80 billion, a PE ratio of 19.32, a P/E/G ratio of 0.79 and a beta of 0.67.
Institutional Trading of Futu
A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after purchasing an additional 411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Futu by 77.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock valued at $36,000 after purchasing an additional 197 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Futu by 239.8% in the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Futu during the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. lifted its position in Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after acquiring an additional 760 shares in the last quarter.
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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