Keystone Investors PTE Ltd. Makes New Investment in Futu Holdings Limited (NASDAQ:FUTU)

Keystone Investors PTE Ltd. purchased a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,114 shares of the company’s stock, valued at approximately $2,249,000.

A number of other institutional investors also recently bought and sold shares of FUTU. Y Intercept Hong Kong Ltd raised its stake in shares of Futu by 136.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,149 shares of the company’s stock valued at $4,032,000 after acquiring an additional 24,355 shares during the period. Natixis Advisors LLC bought a new position in Futu during the 3rd quarter valued at about $1,100,000. Monolith Management Ltd purchased a new stake in Futu in the 3rd quarter worth about $6,217,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Futu by 183.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 333,401 shares of the company’s stock valued at $26,669,000 after purchasing an additional 215,840 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Futu by 19.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,669 shares of the company’s stock worth $5,420,000 after buying an additional 9,221 shares during the period.

Analyst Ratings Changes

FUTU has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Futu from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. upped their target price on Futu from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.20.

Futu Trading Up 1.3 %

Futu stock opened at $107.76 on Tuesday. The firm has a market cap of $14.85 billion, a PE ratio of 26.41, a P/E/G ratio of 0.79 and a beta of 0.78. The stock’s 50 day simple moving average is $105.46 and its two-hundred day simple moving average is $93.55. Futu Holdings Limited has a 12 month low of $51.80 and a 12 month high of $130.88.

Futu Profile

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.