Futu (NASDAQ:FUTU - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $160.00 to $170.00 in a report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other equities analysts have also recently commented on the stock. Citigroup cut shares of Futu from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $79.00 to $95.00 in a research report on Tuesday, November 19th. Morgan Stanley raised shares of 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 note on Monday, November 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Futu currently has a consensus rating of "Moderate Buy" and an average target price of $111.83.
Get Our Latest Analysis on Futu
Futu Stock Down 2.3 %
FUTU traded down $2.64 on Friday, hitting $114.47. The company's stock had a trading volume of 3,607,803 shares, compared to its average volume of 2,529,017. The company's 50 day simple moving average is $102.11 and its 200-day simple moving average is $91.83. The firm has a market cap of $15.77 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Futu has a 12 month low of $51.80 and a 12 month high of $130.88.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after buying an additional 411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Futu by 77.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 452 shares of the company's stock worth $36,000 after buying an additional 197 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after purchasing an additional 482 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Futu during the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. raised its holdings in shares of Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after purchasing an additional 760 shares during the last quarter.
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.
Featured Articles
Before you consider Futu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.
While Futu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
