LPL Financial LLC acquired a new position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,766 shares of the company's stock, valued at approximately $381,000.
Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after acquiring an additional 411 shares during the period. Rakuten Securities Inc. grew its position in shares of Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock valued at $55,000 after acquiring an additional 482 shares during the period. Assetmark Inc. grew its position in shares of 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 acquiring an additional 760 shares during the period. GAMMA Investing LLC grew its position in shares of Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after acquiring an additional 184 shares during the period. Finally, Vestcor Inc grew its position in shares of Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after acquiring an additional 146 shares during the period.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their target price on shares of Futu from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $121.20.
Get Our Latest Stock Analysis on Futu
Futu Trading Up 2.1 %
Futu stock traded up $1.83 during mid-day trading on Monday, hitting $89.68. The stock had a trading volume of 2,269,579 shares, compared to its average volume of 2,836,041. The firm has a market capitalization of $12.36 billion, a P/E ratio of 21.98, a P/E/G ratio of 0.79 and a beta of 0.67. The firm's 50 day moving average is $99.52 and its 200 day moving average is $94.40. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88.
About Futu
(
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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