Janus Henderson Group PLC Sells 34,477 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Janus Henderson Group PLC trimmed its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 88.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,700 shares of the company’s stock after selling 34,477 shares during the quarter. Janus Henderson Group PLC’s holdings in Futu were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FUTU. V Square Quantitative Management LLC purchased a new stake in Futu during the 1st quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Futu in the first quarter valued at about $27,000. Rockefeller Capital Management L.P. raised its stake in shares of Futu by 59.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock valued at $37,000 after acquiring an additional 84 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Futu during the fourth quarter worth about $49,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Futu by 30,000.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 301 shares of the company’s stock worth $49,000 after purchasing an additional 300 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FUTU shares. The Goldman Sachs Group downgraded Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a report on Monday, May 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $170.50 price objective on shares of Futu in a research report on Thursday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Zacks Research upgraded Futu from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen lowered Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

Futu Stock Performance

Shares of NASDAQ:FUTU opened at $108.70 on Tuesday. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The firm has a market capitalization of $15.24 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.28 and a beta of 0.43. The stock has a 50 day moving average price of $99.03 and a 200-day moving average price of $129.40.

Futu (NASDAQ:FUTU) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($2.12). The firm had revenue of $694.17 million for the quarter, compared to the consensus estimate of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. On average, equities analysts forecast that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Futu 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.