Jump Financial LLC Boosts Stake in Futu Holdings Limited (NASDAQ:FUTU)

Jump Financial LLC increased its stake in Futu Holdings Limited (NASDAQ:FUTU) by 798.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,902 shares of the company’s stock after acquiring an additional 39,902 shares during the period. Jump Financial LLC’s holdings in Futu were worth $3,592,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FUTU. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 411 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Futu by 239.8% in the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock worth $55,000 after purchasing an additional 482 shares during the last quarter. Assetmark Inc. lifted its stake in Futu by 15,200.0% in the fourth quarter. Assetmark Inc. now owns 765 shares of the company’s stock worth $61,000 after purchasing an additional 760 shares during the last quarter. GAMMA Investing LLC boosted its position in Futu by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock valued at $62,000 after buying an additional 184 shares during the period. Finally, Vestcor Inc grew 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 buying an additional 146 shares during the last quarter.

Futu Price Performance

Shares of NASDAQ:FUTU opened at $79.65 on Friday. The stock’s 50-day moving average is $103.99 and its 200 day moving average is $96.11. The company has a market cap of $10.98 billion, a PE ratio of 19.52, a P/E/G ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FUTU shares. JPMorgan Chase & Co. boosted their target price on Futu from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. UBS Group boosted their price objective on Futu from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.20.

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.