2 weeks Ago By ABMN Staff
Invesco Ltd. raised its holdings in Futu Holdings Limited ( NASDAQ:FUTU – Free Report ) by 0.4% in the fourth quarter, HoldingsChannel.
com reports. The firm owned 155,619 shares of the company’s stock after purchasing an additional 602 shares during the quarter. Invesco Ltd.
’s holdings in Futu were worth $12,448,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently made changes to their positions in FUTU. HighTower Advisors LLC bought a new stake in shares of Futu in the third quarter valued at approximately $277,000.
Geode Capital Management LLC grew its holdings in shares of Futu by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 545,949 shares of the company’s stock worth $51,475,000 after purchasing an additional 17,513 shares in the last quarter.
Virtu Financial LLC increased its position in shares of Futu by 241.1% in the third quarter. Virtu Financial LLC now owns 23,846 shares of the company’s stock worth $2,281,000 after purchasing an additional 16,855 shares during the period.
Tidal Investments LLC raised its stake in Futu by 135.3% in the third quarter. Tidal Investments LLC now owns 9,517 shares of the company’s stock valued at $910,000 after purchasing an additional 5,472 shares in the last quarter.
Finally, GAMMA Investing LLC lifted its position in Futu by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after purchasing an additional 184 shares during the period.
Analyst Upgrades and Downgrades Several equities analysts have recently commented on FUTU shares. JPMorgan Chase & Co. boosted their target price on shares of Futu from $160.
00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. UBS Group raised their target price on Futu from $130.
00 to $136.00 and gave the company a “buy” rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.20.
Futu Price Performance FUTU stock opened at $80.22 on Tuesday. Futu Holdings Limited has a 1 year low of $51.
80 and a 1 year high of $130.88. The stock has a market cap of $11.
05 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 0.79 and a beta of 0.
67. The company has a 50 day simple moving average of $102.75 and a 200 day simple moving average of $95.
27. Futu Company Profile ( 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.
Further Reading Want to see what other hedge funds are holding FUTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Futu Holdings Limited ( NASDAQ:FUTU – Free Report ). 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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