Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $746,000 Position in Futu Holdings Limited (NASDAQ:FUTU)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,326 shares of the company’s stock after buying an additional 113 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Futu were worth $746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in 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 purchasing an additional 411 shares in the last quarter. Rakuten Securities Inc. grew 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. Assetmark Inc. lifted its position in shares of Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company’s stock worth $61,000 after buying an additional 760 shares during the period. GAMMA Investing LLC boosted its stake 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 buying an additional 184 shares in the last quarter. Finally, Vestcor Inc boosted its stake in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock valued at $73,000 after buying an additional 146 shares in the last quarter.

Futu Stock Performance

Futu stock opened at $107.51 on Thursday. Futu Holdings Limited has a 52 week low of $51.80 and a 52 week high of $130.88. The firm has a market cap of $14.81 billion, a P/E ratio of 26.35, a P/E/G ratio of 0.79 and a beta of 0.78. The business’s fifty day moving average is $106.62 and its two-hundred day moving average is $93.99.

Wall Street Analyst Weigh In

FUTU has been the subject of a number of analyst reports. UBS Group lifted 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. boosted their price target 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.