15,301 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,301 shares of the company's stock, valued at approximately $1,228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Futu during the fourth quarter worth $116,315,000. Norges Bank acquired a new position in shares of Futu in the 4th quarter worth approximately $39,163,000. Candriam S.C.A. acquired a new position in Futu during the fourth quarter worth $28,004,000. William Blair Investment Management LLC boosted its holdings in Futu by 1,325.6% during the 4th quarter. William Blair Investment Management LLC now owns 285,120 shares of the company's stock valued at $22,806,000 after acquiring an additional 265,120 shares during the period. Finally, SG Americas Securities LLC increased its stake in Futu by 236.6% during the 4th quarter. SG Americas Securities LLC now owns 374,193 shares of the company's stock worth $29,932,000 after buying an additional 263,040 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on FUTU shares. JPMorgan Chase & Co. boosted their target price 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 raised their target price on shares of Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.20.

Futu Trading Down 3.0 %

FUTU stock traded down $2.53 during trading on Wednesday, hitting $81.21. 903,615 shares of the company's stock were exchanged, compared to its average volume of 2,793,801. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 52-week low of $51.80 and a 52-week high of $130.88. The business has a 50-day moving average price of $105.05 and a two-hundred day moving average price of $96.33.

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.