Futu (NASDAQ:FUTU) Shares Gap Down – What’s Next?

Futu Holdings Limited ( NASDAQ:FUTU – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $93.89, but opened at $87.

82. Futu shares last traded at $87.96, with a volume of 1,395,581 shares.



Analyst Ratings Changes Several equities research analysts have recently commented on FUTU shares. JPMorgan Chase & Co. lifted their price objective on shares of Futu from $160.

00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. UBS Group boosted their price target on Futu from $130.

00 to $136.00 and gave the company a “buy” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock.

Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.20.

Read Our Latest Analysis on FUTU Futu Trading Down 6.4 % Institutional Investors Weigh In On Futu Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUTU. Smartleaf Asset Management LLC boosted its stake in shares of Futu by 1,245.

5% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

grew its stake in shares of Futu by 77.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

now owns 452 shares of the company’s stock worth $36,000 after purchasing an additional 197 shares during the period. Spire Wealth Management increased its holdings in shares of Futu by 2,066.7% during the 1st quarter.

Spire Wealth Management now owns 650 shares of the company’s stock valued at $67,000 after purchasing an additional 620 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of Futu by 239.

8% in the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock valued at $55,000 after purchasing an additional 482 shares during the period.

Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Futu during the fourth quarter worth $60,000.

Futu Company Profile ( Get Free Report ) 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. Featured Articles Five stocks we like better than Futu What is a Death Cross in Stocks? Markets Think Robinhood Earnings Could Send the Stock Up Options Trading – Understanding Strike Price Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? Ride Out The Recession With These Dividend Kings AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for Futu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Futu and related companies with MarketBeat.

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