Fideuram Asset Management Ireland dac Purchases Shares of 6,293 Futu Holdings Limited Sponsored ADR $FUTU

Fideuram Asset Management Ireland dac purchased a new stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,293 shares of the company’s stock, valued at approximately $1,033,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of Futu during the first quarter worth about $235,000. Jones Financial Companies Lllp lifted its stake in shares of Futu by 442.4% during the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after purchasing an additional 522 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Futu by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock worth $46,997,000 after purchasing an additional 16,255 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Futu during the first quarter worth about $27,000. Finally, American Century Companies Inc. lifted its stake in shares of Futu by 9.2% during the second quarter. American Century Companies Inc. now owns 9,905 shares of the company’s stock worth $1,224,000 after purchasing an additional 836 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on FUTU. Barclays lowered their target price on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Jefferies Financial Group restated a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday. The Goldman Sachs Group downgraded Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a research note on Monday, May 25th. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. restated 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.80.

Check Out Our Latest Research Report on Futu

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Futu Stock Down 0.8%

Shares of FUTU stock opened at $104.07 on Friday. The business has a 50 day moving average of $141.30 and a two-hundred day moving average of $155.37. Futu Holdings Limited Sponsored ADR has a 52 week low of $80.50 and a 52 week high of $202.53. The company has a market cap of $14.59 billion, a P/E ratio of 11.45, a PEG ratio of 0.77 and a beta of 0.52.

Futu (NASDAQ:FUTUGet Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The company had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 27.28%. Analysts expect that Futu Holdings Limited Sponsored ADR will post 10.68 EPS 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 issued a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s payout ratio is presently 28.05%.

Futu Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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