28,114 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. bought a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,114 shares of the company's stock, valued at approximately $2,249,000.

Several other hedge funds and other institutional investors have also modified their holdings of FUTU. Smartleaf Asset Management LLC grew its stake in 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 last quarter. Rakuten Securities Inc. grew its position in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after acquiring an additional 482 shares during the last quarter. Assetmark Inc. increased its holdings in Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock valued at $61,000 after purchasing an additional 760 shares in the last quarter. GAMMA Investing LLC raised its position in Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after purchasing an additional 184 shares during the last quarter. Finally, Vestcor Inc boosted its stake in Futu by 19.2% in the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock worth $73,000 after purchasing an additional 146 shares in the last quarter.

Futu Stock Performance

Futu stock traded down $6.06 during trading hours on Friday, reaching $103.62. 3,084,983 shares of the company's stock traded hands, compared to its average volume of 2,627,605. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.79 and a beta of 0.78. The firm's 50 day moving average is $107.52 and its 200-day moving average is $94.66. Futu Holdings Limited has a fifty-two week low of $51.80 and a fifty-two week high of $130.88.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. UBS Group increased their price target on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One equities research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.20.

About Futu

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.