Virtu Financial LLC Sells 10,590 Shares of Futu Holdings Limited (NASDAQ:FUTU)

Virtu Financial LLC lessened its position in shares of Futu Holdings Limited (NASDAQ:FUTU - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,256 shares of the company's stock after selling 10,590 shares during the period. Virtu Financial LLC's holdings in Futu were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of FUTU. Smartleaf Asset Management LLC grew its stake 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 worth $36,000 after buying an additional 411 shares during the last quarter. Rakuten Securities Inc. boosted its position in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company's stock worth $55,000 after buying an additional 482 shares during the period. Assetmark Inc. grew its holdings in Futu by 15,200.0% during 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 increased its position 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 raised its stake in shares of Futu by 19.2% during the fourth quarter. Vestcor Inc now owns 907 shares of the company's stock valued at $73,000 after acquiring an additional 146 shares during the last quarter.

Futu Price Performance

Shares of Futu stock traded up $2.17 on Thursday, hitting $109.68. 3,543,895 shares of the company's stock traded hands, compared to its average volume of 2,551,572. The company has a fifty day moving average of $106.62 and a two-hundred day moving average of $93.99. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FUTU. UBS Group increased their price objective on Futu from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. increased their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, Futu currently has an average rating of "Moderate Buy" and a consensus price target of $121.20.

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.