Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) shares traded up 7.3% on Monday . The company traded as high as $89.37 and last traded at $86.29. 1,869,148 shares changed hands during trading, a decline of 33% from the average session volume of 2,778,644 shares. The stock had previously closed at $80.39.
Analyst Upgrades and Downgrades
FUTU has been the subject of a number of recent research reports. UBS Group increased their target price on Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. increased their price objective on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.20.
Check Out Our Latest Research Report on Futu
Futu Price Performance
The business's 50 day simple moving average is $103.46 and its 200-day simple moving average is $95.91. The stock has a market capitalization of $10.98 billion, a P/E ratio of 19.52, a PEG ratio of 0.79 and a beta of 0.67.
Hedge Funds Weigh In On Futu
Several hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its position in shares of 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 purchasing an additional 87 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Futu by 1.2% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after purchasing an additional 113 shares during the period. Rhumbline Advisers lifted its holdings in shares of Futu by 0.6% in the fourth quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock valued at $1,842,000 after purchasing an additional 144 shares in the last quarter. Vestcor Inc grew its stake in shares of Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after acquiring an additional 146 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in Futu by 1.6% during the 4th quarter. Voya Investment Management LLC now owns 9,549 shares of the company's stock worth $764,000 after buying an additional 153 shares in the last quarter.
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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