KBC Group NV Has $3.42 Million Position in Futu Holdings Limited (NASDAQ:FUTU)

KBC Group NV raised its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,692 shares of the company's stock after acquiring an additional 9,401 shares during the quarter. KBC Group NV's holdings in Futu were worth $3,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Futu by 181.5% during the third quarter. GAMMA Investing LLC now owns 594 shares of the company's stock valued at $57,000 after purchasing an additional 383 shares in the last quarter. CWM LLC boosted its stake in shares of Futu by 67.7% during the 3rd quarter. CWM LLC now owns 743 shares of the company's stock valued at $71,000 after buying an additional 300 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Futu by 14.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company's stock valued at $84,000 after acquiring an additional 112 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Futu in the third quarter worth $92,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Futu during the third quarter worth $201,000.

Futu Stock Performance

Shares of FUTU traded up $5.78 during trading hours on Tuesday, hitting $98.72. 3,272,706 shares of the company were exchanged, compared to its average volume of 2,318,629. The firm's 50 day moving average is $85.90 and its 200-day moving average is $80.97. Futu Holdings Limited has a 52 week low of $45.15 and a 52 week high of $130.50. The company has a market cap of $13.60 billion, a PE ratio of 24.20, a PEG ratio of 0.76 and a beta of 0.76.

Futu Dividend Announcement

The company also recently declared a -- dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 6th were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, December 6th.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup downgraded Futu from a "buy" rating to a "neutral" rating and boosted their target price for the company from $79.00 to $95.00 in a research note on Tuesday, November 19th. Morgan Stanley raised shares of Futu from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $70.00 to $115.00 in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and four have issued 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 $91.40.

Futu Company 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.