Futu Holdings Limited Sponsored ADR $FUTU Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report) by 31.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,685 shares of the company’s stock after selling 14,466 shares during the quarter. SG Americas Securities LLC’s holdings in Futu were worth $4,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Capital International Inc. CA acquired a new position in shares of Futu during the 3rd quarter valued at $39,369,000. Jupiter Asset Management Ltd. raised its holdings in Futu by 3,105.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 60,900 shares of the company’s stock worth $10,000,000 after buying an additional 59,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Futu by 225.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 37,648 shares of the company’s stock valued at $6,182,000 after acquiring an additional 26,091 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Futu by 818.0% in the third quarter. Quadrature Capital Ltd now owns 211,407 shares of the company’s stock valued at $36,766,000 after purchasing an additional 188,379 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. acquired a new stake in Futu during the 3rd quarter worth about $64,250,000.

Futu Trading Up 0.8%

Shares of NASDAQ FUTU opened at $97.17 on Tuesday. The firm’s 50-day moving average is $120.90 and its 200-day moving average is $144.23. The firm has a market capitalization of $13.62 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.13 and a beta of 0.40. Futu Holdings Limited Sponsored ADR has a 1 year low of $80.50 and a 1 year high of $202.53.

Futu (NASDAQ:FUTUGet Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). Futu had a net margin of 41.87% and a return on equity of 26.48%. The business had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. As a group, equities research analysts anticipate that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current fiscal year.

Futu Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on FUTU. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price objective (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Zacks Research downgraded shares of Futu from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.50 price target on shares of Futu in a research report on Thursday, May 28th. Wall Street Zen lowered shares of Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, The Goldman Sachs Group cut 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Futu presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Get Our Latest Stock Analysis on FUTU

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About Futu

(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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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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