GSA Capital Partners LLP Has $692,000 Stake in Futu Holdings Limited (NASDAQ:FUTU)

GSA Capital Partners LLP lowered its holdings in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 85.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,237 shares of the company's stock after selling 44,000 shares during the period. GSA Capital Partners LLP's holdings in Futu were worth $692,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. APG Asset Management N.V. acquired a new stake in shares of Futu in the second quarter valued at approximately $496,000. Valliance Asset Management Ltd acquired a new stake in shares of Futu in the third quarter valued at approximately $956,000. Sei Investments Co. increased its stake in shares of Futu by 261.3% in the second quarter. Sei Investments Co. now owns 25,351 shares of the company's stock valued at $1,663,000 after purchasing an additional 18,334 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Futu in the second quarter valued at approximately $1,956,000. Finally, WT Asset Management Ltd acquired a new stake in shares of Futu in the third quarter valued at approximately $1,435,000.

Futu Stock Up 3.6 %

Futu stock traded up $3.22 during mid-day trading on Monday, hitting $92.30. The company's stock had a trading volume of 2,166,624 shares, compared to its average volume of 2,353,481. The stock has a market capitalization of $12.72 billion, a P/E ratio of 23.85, a P/E/G ratio of 0.93 and a beta of 0.75. Futu Holdings Limited has a twelve month low of $43.61 and a twelve month high of $130.50. The stock's fifty day moving average price is $90.66 and its two-hundred day moving average price is $75.29.

Futu (NASDAQ:FUTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $1.11 earnings per share (EPS) for the quarter. The firm had revenue of $400.73 million for the quarter. Futu had a net margin of 39.27% and a return on equity of 16.77%. Equities analysts expect that Futu Holdings Limited will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FUTU shares. Bank of America raised their price target on shares of Futu from $80.20 to $90.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Morgan Stanley upgraded shares of Futu from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $70.00 to $115.00 in a research note on Monday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Futu has an average rating of "Buy" and a consensus price target of $82.26.

Futu Profile

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.