Futu Holdings Limited (NASDAQ:FUTU) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 73.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,095 shares of the company's stock after selling 72,269 shares during the period. Quadrature Capital Ltd's holdings in Futu were worth $2,496,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FUTU. Price T Rowe Associates Inc. MD boosted its position in shares of Futu by 19.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,187 shares of the company's stock valued at $552,000 after buying an additional 1,687 shares during the period. QRG Capital Management Inc. raised its stake in shares of Futu by 6.8% during the second quarter. QRG Capital Management Inc. now owns 12,954 shares of the company's stock valued at $850,000 after acquiring an additional 824 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Futu during the second quarter valued at approximately $123,000. Blue Trust Inc. raised its stake in shares of Futu by 1,868.2% during the second quarter. Blue Trust Inc. now owns 2,598 shares of the company's stock valued at $170,000 after acquiring an additional 2,466 shares in the last quarter. Finally, Lifestyle Asset Management Inc. raised its stake in shares of Futu by 11.7% during the second quarter. Lifestyle Asset Management Inc. now owns 5,066 shares of the company's stock valued at $332,000 after acquiring an additional 530 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FUTU shares. Bank of America boosted their price objective on shares of Futu from $80.20 to $90.00 and gave the company a "buy" rating in a report on Friday, September 27th. Citigroup lowered shares of Futu from a "buy" rating to a "neutral" rating and upped their price target for the company from $79.00 to $95.00 in a report on Tuesday, November 19th. Finally, Morgan Stanley upgraded shares of Futu from an "equal weight" rating to an "overweight" rating and upped 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 stock. 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 Stock Performance

FUTU traded down $1.51 on Friday, hitting $83.27. 1,787,204 shares of the company were exchanged, compared to its average volume of 2,733,323. The business's fifty day moving average is $96.14 and its 200 day moving average is $76.47. Futu Holdings Limited has a fifty-two week low of $43.61 and a fifty-two week high of $130.50. The firm has a market capitalization of $11.47 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72.

Futu Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, December 6th.

Futu Company Profile

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.