Voya Investment Management LLC Purchases 136,537 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Voya Investment Management LLC raised its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 1,435.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 146,052 shares of the company’s stock after purchasing an additional 136,537 shares during the period. Voya Investment Management LLC’s holdings in Futu were worth $25,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FUTU. Hhlr Advisors LTD. grew its holdings in shares of Futu by 285.2% during the first quarter. Hhlr Advisors LTD. now owns 4,307,492 shares of the company’s stock worth $440,872,000 after buying an additional 3,189,189 shares in the last quarter. Aspex Management HK Ltd boosted its position in Futu by 21.1% during the 2nd quarter. Aspex Management HK Ltd now owns 3,393,307 shares of the company’s stock worth $419,379,000 after acquiring an additional 591,082 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Futu by 30.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,786,247 shares of the company’s stock worth $182,824,000 after acquiring an additional 417,620 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Futu by 113.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,544,025 shares of the company’s stock valued at $190,826,000 after purchasing an additional 822,343 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Futu by 18.4% in the second quarter. State Street Corp now owns 1,212,481 shares of the company’s stock worth $149,851,000 after purchasing an additional 188,840 shares in the last quarter.

Analysts Set New Price Targets

FUTU has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Futu from $200.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Dbs Bank upgraded Futu to a “moderate buy” rating in a report on Thursday, September 4th. Zacks Research upgraded Futu from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on Futu from $232.00 to $236.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $203.67.

Futu Trading Up 0.5%

FUTU opened at $164.66 on Monday. The stock’s fifty day simple moving average is $172.71 and its 200 day simple moving average is $162.20. Futu Holdings Limited Sponsored ADR has a 1-year low of $70.60 and a 1-year high of $202.53. The stock has a market cap of $22.91 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.54 and a beta of 0.19.

Futu (NASDAQ:FUTU) last released its quarterly earnings data on Tuesday, November 18th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.54 by $0.39. The firm had revenue of $822.80 million for the quarter, compared to the consensus estimate of $631.51 million. Futu had a net margin of 47.11% and a return on equity of 30.59%. Equities analysts forecast that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current 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.