15,000 Shares in Futu Holdings Limited (NASDAQ:FUTU) Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,000 shares of the company's stock, valued at approximately $1,200,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FUTU. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Futu by 502.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company's stock worth $53,444,000 after buying an additional 465,961 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Futu in the 3rd quarter worth approximately $39,943,000. Veritas Asset Management LLP bought a new stake in shares of Futu in the 3rd quarter worth approximately $39,547,000. Yong Rong HK Asset Management Ltd raised its holdings in shares of Futu by 2,525.3% in the 3rd quarter. Yong Rong HK Asset Management Ltd now owns 393,800 shares of the company's stock worth $37,667,000 after purchasing an additional 378,800 shares in the last quarter. Finally, Hhlr Advisors LTD. raised its holdings in shares of Futu by 46.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company's stock worth $100,537,000 after purchasing an additional 335,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FUTU. Morgan Stanley upgraded shares of Futu from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $115.00 in a report on Monday, November 18th. Citigroup downgraded shares of Futu from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.40.

Futu Stock Up 8.7 %

Shares of Futu stock traded up $8.48 during trading on Friday, hitting $105.64. The stock had a trading volume of 5,039,692 shares, compared to its average volume of 2,282,041. The stock has a 50 day simple moving average of $86.94 and a 200 day simple moving average of $81.73. The company has a market capitalization of $14.56 billion, a PE ratio of 25.89, a P/E/G ratio of 0.77 and a beta of 0.76. Futu Holdings Limited has a 1 year low of $47.18 and a 1 year high of $130.50.

Futu Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were paid a $2.00 dividend. The ex-dividend date of this dividend was 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.