9,828 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,828 shares of the company's stock, valued at approximately $786,000.

A number of other hedge funds have also added to or reduced their stakes in FUTU. Smartleaf Asset Management LLC lifted its stake 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 valued at $36,000 after purchasing an additional 411 shares during the period. Assetmark Inc. grew its position in shares of Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after buying an additional 760 shares during the period. GAMMA Investing LLC increased its stake in shares of Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock worth $62,000 after acquiring an additional 184 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Futu during the fourth quarter worth about $120,000. Finally, Janus Henderson Group PLC purchased a new stake in Futu in the third quarter worth about $201,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FUTU shares. JPMorgan Chase & Co. lifted their target price on shares of Futu from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, March 14th. UBS Group lifted their price objective on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.20.

Futu Trading Down 6.7 %

FUTU traded down $5.38 during trading on Thursday, hitting $74.81. 4,051,300 shares of the company's stock traded hands, compared to its average volume of 2,755,201. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.79 and a beta of 0.67. The company's 50 day simple moving average is $105.86 and its two-hundred day simple moving average is $96.28. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88.

Futu 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.