Vanguard Personalized Indexing Management LLC Grows Position in Futu Holdings Limited Sponsored ADR $FUTU

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 15.5% in the second quarter, HoldingsChannel.com reports. The firm owned 6,686 shares of the company’s stock after acquiring an additional 899 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Futu were worth $826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lifestyle Asset Management Inc. boosted its holdings in Futu by 2.1% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,971 shares of the company’s stock valued at $491,000 after acquiring an additional 83 shares during the period. GAMMA Investing LLC boosted its holdings in Futu by 15.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,026 shares of the company’s stock valued at $127,000 after acquiring an additional 141 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Futu by 38.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 616 shares of the company’s stock valued at $64,000 after acquiring an additional 172 shares during the period. Platinum Investment Management Ltd. boosted its holdings in Futu by 8.9% during the 2nd quarter. Platinum Investment Management Ltd. now owns 2,624 shares of the company’s stock valued at $324,000 after acquiring an additional 214 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Futu by 1.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,000 shares of the company’s stock valued at $2,047,000 after acquiring an additional 220 shares during the period.

Futu Stock Performance

Shares of NASDAQ FUTU opened at $163.53 on Monday. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $70.60 and a fifty-two week high of $199.86. The firm has a market capitalization of $22.75 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 0.71 and a beta of 0.48. The stock’s 50-day simple moving average is $176.18 and its 200-day simple moving average is $137.07.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FUTU. Citigroup raised their target price on Futu from $176.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a report on Wednesday, October 8th. Barclays raised their target price on Futu from $176.00 to $232.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Dbs Bank upgraded Futu to a “moderate buy” rating in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Futu from $200.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

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.