Sei Investments Co. Buys 41,119 Shares of Futu Holdings Limited (NASDAQ:FUTU)

Sei Investments Co. grew its holdings in Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 381.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,903 shares of the company's stock after purchasing an additional 41,119 shares during the period. Sei Investments Co.'s holdings in Futu were worth $4,152,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FUTU. American Century Companies Inc. increased its stake in Futu by 5.7% in the 4th quarter. American Century Companies Inc. now owns 8,994 shares of the company's stock valued at $719,000 after buying an additional 488 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company's stock valued at $746,000 after acquiring an additional 113 shares during the last quarter. Platinum Investment Management Ltd. acquired a new stake in shares of Futu in the fourth quarter valued at about $86,000. Intech Investment Management LLC raised its holdings in Futu by 453.5% during the fourth quarter. Intech Investment Management LLC now owns 30,765 shares of the company's stock worth $2,461,000 after acquiring an additional 25,207 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new position in Futu during the fourth quarter valued at approximately $17,274,000.

Wall Street Analyst Weigh In

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

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Futu Stock Down 5.3 %

Shares of FUTU stock traded down $4.40 during trading on Monday, reaching $79.11. 6,714,498 shares of the company's stock were exchanged, compared to its average volume of 2,702,648. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88. The firm's fifty day moving average price is $107.88 and its 200-day moving average price is $96.38. The stock has a market capitalization of $10.90 billion, a PE ratio of 19.39, a PEG ratio of 0.79 and a beta of 0.67.

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.