Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) was the target of some unusual options trading on Friday. Stock traders purchased 15,221 call options on the company. This is an increase of approximately 11% compared to the typical daily volume of 13,771 call options.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on FUTU shares. JPMorgan Chase & Co. lifted their target price on Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group lifted their target price on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Finally, Citigroup downgraded Futu from a "buy" rating to a "neutral" rating and lifted their target price for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Futu has a consensus rating of "Moderate Buy" and a consensus price target of $111.83.
Check Out Our Latest Stock Report on Futu
Institutional Investors Weigh In On Futu
A number of institutional investors have recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Futu during the fourth quarter worth approximately $969,000. Siemens Fonds Invest GmbH bought a new stake in shares of Futu during the fourth quarter worth approximately $301,000. Mackenzie Financial Corp boosted its holdings 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 acquiring an additional 87 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Futu during the fourth quarter worth approximately $11,482,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Futu by 131.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,023 shares of the company's stock worth $722,000 after acquiring an additional 5,123 shares during the period.
Futu Price Performance
NASDAQ FUTU traded down $2.10 during trading on Tuesday, reaching $115.01. 2,856,177 shares of the company's stock were exchanged, compared to its average volume of 2,859,121. The business has a 50 day moving average price of $102.11 and a 200-day moving average price of $91.83. The stock has a market capitalization of $15.85 billion, a P/E ratio of 28.18, a PEG ratio of 0.79 and a beta of 0.78. Futu has a fifty-two week low of $51.80 and a fifty-two week high of $130.88.
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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