AustralianSuper Pty Ltd Has $16.20 Million Stock Holdings in Futu Holdings Limited (NASDAQ:FUTU)

AustralianSuper Pty Ltd decreased its stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,355 shares of the company's stock after selling 97,303 shares during the period. AustralianSuper Pty Ltd owned approximately 0.12% of Futu worth $16,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Futu by 14.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company's stock worth $84,000 after buying an additional 112 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Futu by 3.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,346 shares of the company's stock valued at $394,000 after purchasing an additional 230 shares during the last quarter. Signaturefd LLC boosted its holdings in Futu by 8.4% in the second quarter. Signaturefd LLC now owns 3,205 shares of the company's stock valued at $210,000 after purchasing an additional 247 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Futu by 6.5% in the first quarter. Sequoia Financial Advisors LLC now owns 4,387 shares of the company's stock valued at $238,000 after purchasing an additional 269 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Futu by 8.6% in the first quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the company's stock valued at $206,000 after purchasing an additional 300 shares during the last quarter.

Futu Trading Down 1.2 %

FUTU stock traded down $1.15 during mid-day trading on Thursday, reaching $94.99. 2,196,313 shares of the stock traded hands, compared to its average volume of 2,285,963. Futu Holdings Limited has a 52-week low of $43.61 and a 52-week high of $130.50. The company has a market cap of $13.09 billion, a P/E ratio of 24.55, a P/E/G ratio of 0.97 and a beta of 0.74. The stock's fifty day moving average is $82.35 and its 200-day moving average is $72.20.

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. Futu had a net margin of 39.27% and a return on equity of 16.77%. The company had revenue of $400.73 million during the quarter. Equities research analysts expect that Futu Holdings Limited will post 4.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America upped their price objective on Futu from $80.20 to $90.00 and gave the company a "buy" rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Futu has an average rating of "Moderate Buy" and a consensus target price of $72.97.

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.