Capital International Investors Purchases 9,119 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Capital International Investors raised its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 941,214 shares of the company’s stock after acquiring an additional 9,119 shares during the quarter. Capital International Investors owned approximately 0.68% of Futu worth $154,557,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FUTU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Futu by 805.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock valued at $195,933,000 after acquiring an additional 1,002,171 shares during the period. Tredje AP fonden lifted its holdings in Futu by 3,579.1% in the third quarter. Tredje AP fonden now owns 688,000 shares of the company’s stock valued at $119,650,000 after acquiring an additional 669,300 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Futu by 25,558,100.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 511,164 shares of the company’s stock valued at $83,938,000 after acquiring an additional 511,162 shares during the period. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Futu in the third quarter worth about $64,250,000. Finally, Moore Capital Management LP bought a new position in shares of Futu in the third quarter worth about $53,411,000.

Wall Street Analyst Weigh In

FUTU has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.50 price objective on shares of Futu in a research note on Thursday, May 28th. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Barclays decreased their price objective on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Futu Trading Down 1.4%

Shares of FUTU opened at $91.08 on Tuesday. The business’s 50 day moving average is $136.27 and its 200 day moving average is $151.80. The company has a market capitalization of $12.77 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.90 and a beta of 0.40. Futu Holdings Limited Sponsored ADR has a 12-month low of $80.50 and a 12-month high of $202.53.

Futu (NASDAQ:FUTU) last issued its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($2.12). The business had revenue of $694.17 million for the quarter, compared to the consensus estimate of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. Equities research analysts predict that Futu Holdings Limited Sponsored ADR will post 10.73 earnings per share for the current year.

Futu Dividend Announcement

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