Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Receives $209.17 Average Price Target from Analysts

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $209.1667.

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. Zacks Research lowered shares of Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. The Goldman Sachs Group set a $205.00 target price on shares of Futu in a research note on Monday, May 4th. Finally, Barclays cut their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th.

Institutional Trading of Futu

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC increased its holdings in shares of Futu by 2.8% during the 4th quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock worth $403,000 after buying an additional 68 shares during the last quarter. Lifestyle Asset Management Inc. increased its holdings in shares of Futu by 2.2% during the 4th quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock worth $562,000 after buying an additional 72 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in Futu by 3.3% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,391 shares of the company’s stock valued at $393,000 after purchasing an additional 77 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in Futu by 0.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock valued at $1,559,000 after purchasing an additional 83 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in Futu by 5.1% in the 4th quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock valued at $281,000 after purchasing an additional 83 shares during the last quarter.

Futu Price Performance

FUTU opened at $124.50 on Wednesday. The company’s 50 day simple moving average is $147.69 and its two-hundred day simple moving average is $159.74. Futu has a 1-year low of $100.50 and a 1-year high of $202.53. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.92 and a beta of 0.52.

Futu (NASDAQ:FUTU) last released its earnings results on Sunday, February 15th. The company reported $3.07 earnings per share for the quarter. Futu had a net margin of 49.63% and a return on equity of 32.24%. The business had revenue of $771.00 million for the quarter. On average, equities analysts anticipate that Futu will post 11.78 earnings per share for the current fiscal year.

Futu Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were issued a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is currently 24.81%.

Futu Company Profile

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.