Aubrey Capital Management Ltd Makes New Investment in Futu Holdings Limited (NASDAQ:FUTU)

Aubrey Capital Management Ltd purchased a new position in Futu Holdings Limited (NASDAQ:FUTU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $273,000.

A number of other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Futu in the fourth quarter worth about $44,000. Advisors Preferred LLC bought a new stake in Futu in the 4th quarter worth approximately $53,000. Assetmark Inc. purchased a new stake in shares of Futu during the 3rd quarter worth approximately $61,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Futu during the 4th quarter worth approximately $148,000. Finally, Signaturefd LLC raised its holdings in shares of Futu by 12.2% during the 3rd quarter. Signaturefd LLC now owns 2,615 shares of the company’s stock worth $151,000 after acquiring an additional 285 shares in the last quarter.

Futu Price Performance

FUTU traded up $3.38 during trading hours on Friday, reaching $66.38. 3,064,293 shares of the company’s stock traded hands, compared to its average volume of 1,103,101. The firm has a 50-day moving average price of $56.21 and a 200 day moving average price of $54.64. Futu Holdings Limited has a 52-week low of $35.91 and a 52-week high of $68.92.

Futu (NASDAQ:FUTU) last issued its earnings results on Thursday, March 14th. The company reported $0.81 earnings per share for the quarter. The business had revenue of $303.84 million during the quarter, compared to analyst estimates of $374.14 million. Futu had a return on equity of 18.46% and a net margin of 42.77%. As a group, sell-side analysts anticipate that Futu Holdings Limited will post 4.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FUTU shares. UBS Group raised Futu from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Friday, January 5th. JPMorgan Chase & Co. cut Futu from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $62.00 in a report on Friday, March 15th. Morgan Stanley raised Futu from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Thursday, January 4th. CLSA raised Futu from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $65.00 in a research report on Monday, March 18th. Finally, Citigroup lowered their price target on Futu from $76.90 to $75.30 and set a “buy” rating for the company in a research report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Futu presently has an average rating of “Moderate Buy” and a consensus target price of $62.83.

About Futu

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.