Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Given Consensus Rating of “Hold” by Brokerages

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $139.9075.

Several research analysts have weighed in on FUTU shares. Wall Street Zen upgraded shares of Futu from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Zacks Research raised Futu from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, The Goldman Sachs Group downgraded shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target for the company. in a report on Monday, May 25th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Aspex Management HK Ltd boosted its stake in Futu by 37.5% during the 4th quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock valued at $553,650,000 after purchasing an additional 919,724 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Futu by 7,706.6% in the 2nd quarter. California State Teachers Retirement System now owns 5,077,052 shares of the company’s stock worth $475,923,000 after acquiring an additional 5,012,017 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of Futu by 14.0% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,135,821 shares of the company’s stock valued at $186,513,000 after purchasing an additional 139,473 shares during the last quarter. Capital International Investors boosted its holdings in Futu by 1.0% during the fourth quarter. Capital International Investors now owns 941,214 shares of the company’s stock worth $154,557,000 after purchasing an additional 9,119 shares during the last quarter. Finally, Trivest Advisors Ltd increased its stake in Futu by 2.5% in the 4th quarter. Trivest Advisors Ltd now owns 540,000 shares of the company’s stock valued at $88,673,000 after buying an additional 13,200 shares during the last quarter.

Futu Price Performance

Futu stock opened at $111.11 on Tuesday. Futu has a fifty-two week low of $80.50 and a fifty-two week high of $202.53. The firm has a market capitalization of $15.57 billion, a PE ratio of 11.00, a P/E/G ratio of 1.25 and a beta of 0.46. The company’s 50-day moving average is $108.78 and its 200-day moving average is $122.35.

Futu (NASDAQ:FUTU) last posted its quarterly earnings results on Thursday, August 20th. The company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.35. The business had revenue of $852.66 million during the quarter, compared to analysts’ expectations of $786.07 million. Futu had a return on equity of 28.20% and a net margin of 42.95%. As a group, analysts expect that Futu will post 9.45 EPS for the current year.

Futu Company Profile

Futu Holdings Limited is a financial technology company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools that allow individual investors to trade securities and manage investments through mobile and web applications.

Through its Futu and Moomoo platforms, the company offers access to products such as stocks, exchange-traded funds, options and futures, subject to the regulations of the relevant markets.