Schroder Investment Management Group Buys 3,491 Shares of Futu Holdings Limited (NASDAQ:FUTU)

Schroder Investment Management Group boosted its holdings in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 131,156 shares of the company's stock after acquiring an additional 3,491 shares during the quarter. Schroder Investment Management Group owned 0.10% of Futu worth $10,491,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Futu by 1,245.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company's stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after acquiring an additional 482 shares during the period. Assetmark Inc. increased its holdings in Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company's stock worth $61,000 after acquiring an additional 760 shares during the last quarter. GAMMA Investing LLC raised its stake in Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company's stock valued at $62,000 after acquiring an additional 184 shares during the period. Finally, Vestcor Inc lifted its holdings in Futu by 19.2% during the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after purchasing an additional 146 shares during the last quarter.

Analyst Upgrades and Downgrades

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

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Futu Trading Down 5.3 %

Shares of FUTU traded down $4.40 during mid-day trading on Monday, reaching $79.11. 6,714,177 shares of the stock traded hands, compared to its average volume of 2,702,579. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. The firm has a fifty day moving average price of $108.17 and a 200 day moving average price of $96.30.

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.