41,600 Shares in Futu Holdings Limited (NASDAQ:FUTU) Purchased by Tredje AP fonden

Tredje AP fonden purchased a new stake in Futu Holdings Limited (NASDAQ:FUTU) in the 4th quarter, Holdings Channel reports. The firm purchased 41,600 shares of the company’s stock, valued at approximately $3,328,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Futu by 1,245.5% in the 4th 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 period. Rakuten Securities Inc. raised its holdings in shares of Futu by 239.8% in the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock worth $55,000 after purchasing an additional 482 shares during the period. Assetmark Inc. lifted its stake in shares of Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $61,000 after purchasing an additional 760 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Futu by 31.0% during the 4th 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. Finally, Vestcor Inc increased its position in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock worth $73,000 after purchasing an additional 146 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FUTU shares. Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Citigroup lowered shares of Futu from a “buy” rating to a “neutral” rating and lifted their target price for the company from $79.00 to $95.00 in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.40.

Futu Stock Down 3.8 %

NASDAQ FUTU opened at $107.52 on Friday. Futu Holdings Limited has a fifty-two week low of $51.80 and a fifty-two week high of $130.88. The business has a 50 day moving average price of $100.63 and a two-hundred day moving average price of $90.60. The stock has a market cap of $14.82 billion, a PE ratio of 26.35, a P/E/G ratio of 0.79 and a beta of 0.78.

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.