Maven Securities LTD Makes New $956,000 Investment in Futu Holdings Limited (NASDAQ:FUTU)

Maven Securities LTD bought a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company's stock, valued at approximately $956,000.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC bought a new position in shares of Futu in the third quarter valued at $201,000. HighTower Advisors LLC purchased a new stake in Futu in the 3rd quarter worth about $277,000. Aspex Management HK Ltd raised its position in shares of Futu by 2.4% in the third quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company's stock valued at $435,497,000 after purchasing an additional 108,219 shares during the period. Point72 Hong Kong Ltd lifted its position in shares of Futu by 228.4% during the third quarter. Point72 Hong Kong Ltd now owns 307,034 shares of the company's stock worth $29,368,000 after acquiring an additional 213,549 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Futu by 109.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 410,524 shares of the company's stock worth $39,267,000 after acquiring an additional 214,135 shares during the period.

Wall Street Analyst Weigh In

FUTU has been the topic of a number of recent research reports. Citigroup cut Futu from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. Bank of America boosted their price target on shares of Futu from $80.20 to $90.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Morgan Stanley upgraded Futu from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock 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 five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.33.

Futu Trading Up 0.7 %

Shares of Futu stock traded up $0.57 on Thursday, hitting $86.82. 954,554 shares of the company traded hands, compared to its average volume of 2,338,245. The company has a market cap of $11.96 billion, a P/E ratio of 21.28, a P/E/G ratio of 0.90 and a beta of 0.72. Futu Holdings Limited has a 12-month low of $43.61 and a 12-month high of $130.50. The firm's 50-day simple moving average is $96.19 and its 200 day simple moving average is $76.44.

Futu Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, December 6th.

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.