GAM Holding AG purchased a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the company's stock, valued at approximately $480,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FUTU. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Futu by 502.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company's stock valued at $53,444,000 after purchasing an additional 465,961 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Futu during the 3rd quarter valued at about $39,943,000. Veritas Asset Management LLP bought a new stake in shares of Futu during the 3rd quarter valued at about $39,547,000. Yong Rong HK Asset Management Ltd boosted its position in shares of Futu by 2,525.3% during the 3rd quarter. Yong Rong HK Asset Management Ltd now owns 393,800 shares of the company's stock valued at $37,667,000 after purchasing an additional 378,800 shares in the last quarter. Finally, Hhlr Advisors LTD. boosted its holdings in Futu by 46.8% in the third quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company's stock worth $100,537,000 after acquiring an additional 335,000 shares in the last quarter.
Futu Price Performance
Shares of FUTU stock traded up $0.81 during trading hours on Friday, reaching $121.40. The company had a trading volume of 4,369,566 shares, compared to its average volume of 2,708,801. Futu Holdings Limited has a 12 month low of $49.63 and a 12 month high of $130.88. The business has a fifty day simple moving average of $92.35 and a 200-day simple moving average of $85.27. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Morgan Stanley upgraded Futu from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $70.00 to $115.00 in a report on Monday, November 18th. Citigroup lowered Futu from a "buy" rating to a "neutral" rating and increased their price target for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Futu currently has an average rating of "Moderate Buy" and a consensus price target of $91.40.
Get Our Latest Analysis on FUTU
Futu Profile
(
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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