Futu Holdings Limited (NASDAQ:FUTU) Shares Bought by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU) by 94.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,062 shares of the company’s stock after buying an additional 21,856 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Futu were worth $3,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new position in Futu during the 4th quarter worth $116,315,000. Norges Bank bought a new stake in shares of Futu during the fourth quarter valued at about $39,163,000. Candriam S.C.A. acquired a new stake in Futu in the fourth quarter worth about $28,004,000. William Blair Investment Management LLC grew its position in Futu by 1,325.6% in the 4th quarter. William Blair Investment Management LLC now owns 285,120 shares of the company’s stock valued at $22,806,000 after buying an additional 265,120 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Futu by 236.6% during the 4th quarter. SG Americas Securities LLC now owns 374,193 shares of the company’s stock valued at $29,932,000 after buying an additional 263,040 shares during the period.

Analyst Ratings Changes

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

Futu Price Performance

NASDAQ FUTU opened at $102.34 on Friday. Futu Holdings Limited has a 12 month low of $51.80 and a 12 month high of $130.88. The company has a market capitalization of $14.24 billion, a P/E ratio of 25.08, a PEG ratio of 0.79 and a beta of 0.67. The company’s 50 day simple moving average is $97.22 and its 200 day simple moving average is $94.67.

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.