Jump Financial LLC Raises Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Jump Financial LLC increased its holdings in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 798.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,902 shares of the company's stock after acquiring an additional 39,902 shares during the period. Jump Financial LLC's holdings in Futu were worth $3,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FUTU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Futu by 1.2% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after buying an additional 113 shares during the period. Rhumbline Advisers boosted its position in shares of Futu by 0.6% during the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company's stock worth $1,842,000 after purchasing an additional 144 shares during the period. Vestcor Inc increased its holdings in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC lifted its stake in Futu by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after purchasing an additional 184 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Futu by 1,245.5% during 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 period.

Futu Price Performance

Shares of FUTU traded up $5.05 during midday trading on Tuesday, reaching $85.27. The stock had a trading volume of 2,200,163 shares, compared to its average volume of 2,819,506. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 0.79 and a beta of 0.67. The company's fifty day simple moving average is $102.75 and its two-hundred day simple moving average is $95.27. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FUTU shares. JPMorgan Chase & Co. increased their target price on Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. UBS Group upped their target price on shares of Futu from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Futu currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.20.

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.