Caisse DE Depot ET Placement DU Quebec Trims Position in Futu Holdings Limited (NASDAQ:FUTU)

Caisse DE Depot ET Placement DU Quebec lowered its position in Futu Holdings Limited (NASDAQ:FUTU) by 82.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,724 shares of the company’s stock after selling 336,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Futu were worth $5,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock valued at $36,000 after buying an additional 411 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Futu by 239.8% in the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock valued at $55,000 after acquiring an additional 482 shares during the period. Assetmark Inc. lifted its holdings in shares of Futu by 15,200.0% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company’s stock worth $61,000 after acquiring an additional 760 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after purchasing an additional 184 shares during the period. Finally, Vestcor Inc increased its holdings in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock valued at $73,000 after purchasing an additional 146 shares during the last quarter.

Futu Stock Performance

Shares of FUTU opened at $98.60 on Friday. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88. The stock has a market capitalization of $13.59 billion, a PE ratio of 24.17, a PEG ratio of 0.79 and a beta of 0.67. The stock has a 50-day simple moving average of $97.91 and a 200-day simple moving average of $94.29.

Analyst Ratings Changes

FUTU has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Futu from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. UBS Group raised their target price on Futu from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Futu has an average rating of “Moderate Buy” and a consensus price target of $121.20.

Futu Company Profile

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.