Eurizon Capital SGR S.p.A. Takes $2.50 Million Position in Futu Holdings Limited Sponsored ADR $FUTU

Eurizon Capital SGR S.p.A. acquired a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,212 shares of the company’s stock, valued at approximately $2,499,000.

A number of other institutional investors also recently modified their holdings of FUTU. AQR Capital Management LLC bought a new stake in shares of Futu in the 1st quarter valued at $235,000. Jones Financial Companies Lllp boosted its stake in 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 acquiring an additional 522 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 acquiring an additional 16,255 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Futu during the first quarter worth $27,000. Finally, American Century Companies Inc. boosted its stake in 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 acquiring an additional 836 shares in the last quarter.

Analysts Set New Price Targets

FUTU has been the topic of several research analyst reports. Barclays cut their target price 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. Jefferies Financial Group reissued a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday, May 28th. JPMorgan Chase & Co. reissued 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. The Goldman Sachs Group lowered shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a research note on Monday, May 25th. Finally, Wall Street Zen lowered shares of Futu from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Futu Trading Down 0.9%

FUTU opened at $101.97 on Wednesday. The company’s fifty day moving average price is $140.57 and its two-hundred day moving average price is $154.55. Futu Holdings Limited Sponsored ADR has a 1-year low of $80.50 and a 1-year high of $202.53. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.01 and a beta of 0.40.

Futu (NASDAQ:FUTU) last announced its earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $2.89 by ($2.12). The firm had revenue of $694.17 million during the quarter, compared to analysts’ expectations of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. As a group, equities analysts forecast that Futu Holdings Limited Sponsored ADR will post 10.68 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. Stockholders of record on Thursday, April 16th were issued a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio is currently 28.05%.

Futu Company 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.