8,100 Shares in Futu Holdings Limited Sponsored ADR $FUTU Acquired by Amiral Gestion

Amiral Gestion bought a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,100 shares of the company’s stock, valued at approximately $1,409,000. Futu accounts for approximately 0.5% of Amiral Gestion’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Erste Asset Management GmbH acquired a new position in shares of Futu in the first quarter valued at $1,036,000. Matthews International Capital Management LLC acquired a new position in Futu in the 2nd quarter valued at about $2,809,000. Charles Schwab Investment Management Inc. grew its stake in Futu by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,430 shares of the company’s stock valued at $6,901,000 after buying an additional 5,056 shares during the last quarter. Swedbank AB raised its holdings in Futu by 729.5% in the 2nd quarter. Swedbank AB now owns 50,600 shares of the company’s stock valued at $6,254,000 after acquiring an additional 44,500 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its position in Futu by 29.8% during the second quarter. Resona Asset Management Co. Ltd. now owns 20,264 shares of the company’s stock worth $2,499,000 after acquiring an additional 4,650 shares during the last quarter.

Futu Price Performance

NASDAQ:FUTU opened at $163.84 on Friday. Futu Holdings Limited Sponsored ADR has a one year low of $70.60 and a one year high of $202.53. The firm’s 50 day simple moving average is $172.51 and its 200 day simple moving average is $161.03. The company has a market cap of $22.80 billion, a PE ratio of 18.35, a P/E/G ratio of 0.53 and a beta of 0.19.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FUTU. Bank of America increased their target price on Futu from $172.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on Futu from $200.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Zacks Research upgraded Futu from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Barclays raised 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. Finally, Dbs Bank raised shares of Futu to a “moderate buy” rating in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Futu presently has an average rating of “Buy” and a consensus target price of $203.67.

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.