Jupiter Asset Management Ltd. Increases Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Jupiter Asset Management Ltd. lifted its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report) by 3,105.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 60,900 shares of the company’s stock after purchasing an additional 59,000 shares during the period. Jupiter Asset Management Ltd.’s holdings in Futu were worth $10,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FUTU. Geneos Wealth Management Inc. purchased a new stake in shares of Futu in the first quarter worth about $27,000. Quarry LP purchased a new stake in shares of Futu in the third quarter worth $51,000. Farther Finance Advisors LLC raised its position in shares of Futu by 53.2% in the fourth quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock worth $54,000 after buying an additional 115 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Futu in the fourth quarter worth $61,000. Finally, Jones Financial Companies Lllp raised its position in shares of Futu by 442.4% in the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after buying an additional 522 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Barclays lowered their price objective on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. The Goldman Sachs Group downgraded shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a research note on Monday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 target price (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Futu presently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

View Our Latest Analysis on Futu

More Futu News

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Futu Stock Down 0.8%

NASDAQ FUTU opened at $104.07 on Friday. The stock’s 50-day simple moving average is $141.30 and its two-hundred day simple moving average is $155.37. Futu Holdings Limited Sponsored ADR has a twelve month low of $80.50 and a twelve month high of $202.53. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.78 and a beta of 0.52.

Futu (NASDAQ:FUTUGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The firm had revenue of $694.17 million for the quarter, compared to analysts’ expectations of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 27.28%. On average, equities analysts expect that Futu Holdings Limited Sponsored ADR will post 11.07 earnings per share for the current fiscal year.

Futu Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were paid a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is 28.05%.

Futu Profile

(Free Report)

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.

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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 Sponsored ADR (NASDAQ:FUTUFree Report).

Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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