417,600 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 417,600 shares of the company's stock, valued at approximately $39,943,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.30% of Futu at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Futu by 181.5% in the 3rd quarter. GAMMA Investing LLC now owns 594 shares of the company's stock worth $57,000 after buying an additional 383 shares during the period. CWM LLC increased its stake in Futu by 67.7% in the 3rd quarter. CWM LLC now owns 743 shares of the company's stock worth $71,000 after buying an additional 300 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Futu during the 2nd quarter valued at about $50,000. Venturi Wealth Management LLC purchased a new position in Futu during the 3rd quarter valued at about $92,000. Finally, SG Americas Securities LLC purchased a new position in Futu during the 2nd quarter valued at about $123,000.

Analyst Ratings Changes

A number of research firms have commented on FUTU. Citigroup downgraded shares of Futu from a "buy" rating to a "neutral" rating and raised their target price for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. Bank of America raised their target price on shares of Futu from $80.20 to $90.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Morgan Stanley raised shares of Futu from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $70.00 to $115.00 in a research report on Monday, November 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Futu has an average rating of "Moderate Buy" and an average target price of $87.33.

Futu Trading Up 3.1 %

Shares of NASDAQ:FUTU traded up $2.57 during trading on Thursday, reaching $86.33. The stock had a trading volume of 2,180,153 shares, compared to its average volume of 2,359,798. Futu Holdings Limited has a one year low of $43.61 and a one year high of $130.50. The company has a market capitalization of $11.90 billion, a P/E ratio of 21.16, a PEG ratio of 0.86 and a beta of 0.75. The firm's 50-day simple moving average is $94.43 and its 200 day simple moving average is $75.99.

Futu Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a $2.00 dividend. The ex-dividend date is Friday, December 6th.

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.