19,198 Shares in Futu Holdings Limited Sponsored ADR $FUTU Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,198 shares of the company’s stock, valued at approximately $3,153,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUTU. AQR Capital Management LLC acquired a new stake in Futu during the first quarter worth about $235,000. Jones Financial Companies Lllp increased its position in shares of Futu by 442.4% during the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after acquiring an additional 522 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 valued at $46,997,000 after acquiring an additional 16,255 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Futu during the first quarter valued at about $27,000. Finally, American Century Companies Inc. increased its position 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 valued at $1,224,000 after acquiring an additional 836 shares during the last quarter.

Futu Stock Performance

NASDAQ FUTU opened at $91.08 on Tuesday. The firm has a 50 day simple moving average of $136.27 and a 200-day simple moving average of $151.80. Futu Holdings Limited Sponsored ADR has a one year low of $80.50 and a one year high of $202.53. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.90 and a beta of 0.40.

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

Futu Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is presently 28.05%.

Analysts Set New Price Targets

FUTU has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Barclays dropped their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Zacks Research cut shares of Futu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $170.50 price target on shares of Futu in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

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.