Futu Holdings Limited (NASDAQ:FUTU - Get Free Report) shot up 6% on Monday . The stock traded as high as $101.16 and last traded at $100.79. 286,586 shares changed hands during trading, a decline of 87% from the average session volume of 2,275,975 shares. The stock had previously closed at $95.08.
Analysts Set New Price Targets
Separately, Bank of America increased their price target on Futu from $80.20 to $90.00 and gave the company a "buy" rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Futu has an average rating of "Moderate Buy" and an average target price of $72.97.
View Our Latest Research Report on FUTU
Futu Trading Up 1.9 %
The stock has a market capitalization of $13.35 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 0.99 and a beta of 0.75. The firm has a 50 day moving average price of $82.99 and a 200 day moving average price of $72.72.
Futu (NASDAQ:FUTU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. The firm had revenue of $400.73 million during the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. On average, equities research analysts expect that Futu Holdings Limited will post 4.75 EPS for the current year.
Institutional Investors Weigh In On Futu
Several hedge funds and other institutional investors have recently modified their holdings of FUTU. Sequoia Financial Advisors LLC increased its stake in shares of Futu by 6.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,387 shares of the company's stock worth $238,000 after purchasing an additional 269 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Futu by 6.7% in the 1st quarter. BNP Paribas Financial Markets now owns 100,616 shares of the company's stock worth $5,448,000 after buying an additional 6,317 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Futu by 24.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,318 shares of the company's stock worth $559,000 after buying an additional 2,011 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Futu by 8.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the company's stock worth $206,000 after buying an additional 300 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in Futu by 32.0% in the 1st quarter. GSA Capital Partners LLP now owns 52,941 shares of the company's stock worth $2,867,000 after buying an additional 12,840 shares in the last quarter.
About Futu
(
Get 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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