Tredje AP fonden Has $87.44 Million Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Tredje AP fonden lessened its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 532,486 shares of the company’s stock after selling 155,514 shares during the quarter. Tredje AP fonden owned 0.38% of Futu worth $87,440,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its stake in Futu by 6,075.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 247 shares of the company’s stock valued at $43,000 after buying an additional 243 shares during the period. Geneos Wealth Management Inc. acquired a new position in Futu in the 1st quarter valued at approximately $27,000. Quarry LP acquired a new position in Futu in the 3rd quarter valued at approximately $51,000. Farther Finance Advisors LLC increased its stake in Futu by 53.2% in the 4th quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock valued at $54,000 after buying an additional 115 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Futu in the 4th quarter valued at approximately $61,000.

Futu Stock Down 2.2%

Shares of FUTU opened at $131.70 on Tuesday. The company’s fifty day moving average is $148.07 and its 200-day moving average is $160.25. Futu Holdings Limited Sponsored ADR has a 12 month low of $100.50 and a 12 month high of $202.53. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52.

Futu (NASDAQ:FUTU) last announced its quarterly earnings results on Sunday, February 15th. The company reported $3.07 EPS for the quarter. Futu had a net margin of 49.63% and a return on equity of 32.24%. The company had revenue of $771.00 million for the quarter. As a group, research analysts predict that Futu Holdings Limited Sponsored ADR will post 11.78 earnings per share for the current fiscal year.

Futu Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is presently 24.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FUTU shares. Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. The Goldman Sachs Group set a $205.00 price target on shares of Futu in a research note on Monday, May 4th. Barclays dropped their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Finally, Zacks Research lowered shares of Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $209.17.

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.