Mitsubishi UFJ Trust & Banking Corp increased its position in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,387 shares of the company's stock after purchasing an additional 4,276 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Futu were worth $2,351,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Futu by 1,245.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock worth $36,000 after purchasing an additional 411 shares during the period. Rakuten Securities Inc. lifted its holdings in Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares during the period. Assetmark Inc. boosted its position 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 acquiring an additional 760 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 in the last quarter. Finally, Vestcor Inc increased its holdings in shares of Futu by 19.2% in 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 brokerages recently weighed in on FUTU. JPMorgan Chase & Co. upped their price objective 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 increased their price target 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.20.
Get Our Latest Report on Futu
Futu Stock Performance
FUTU stock traded down $13.98 on Friday, hitting $83.51. 8,685,634 shares of the company's stock were exchanged, compared to its average volume of 2,686,535. The firm has a 50 day moving average price of $108.17 and a two-hundred day moving average price of $96.04. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88. The stock has a market cap of $11.51 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67.
Futu Profile
(
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.
Further Reading
Before you consider Futu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.
While Futu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
