Futu Holdings Limited Sponsored ADR $FUTU Shares Bought by Atria Investments Inc

Atria Investments Inc boosted its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 19.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,260 shares of the company’s stock after purchasing an additional 526 shares during the period. Atria Investments Inc’s holdings in Futu were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FUTU. Lifestyle Asset Management Inc. raised its holdings in shares of Futu by 2.1% in the second quarter. Lifestyle Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after buying an additional 83 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Futu by 0.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 22,219 shares of the company’s stock valued at $2,746,000 after acquiring an additional 94 shares during the period. GAMMA Investing LLC increased its position in shares of Futu by 15.9% in 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 raised its stake in Futu by 38.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 616 shares of the company’s stock worth $64,000 after acquiring an additional 172 shares during the last quarter. Finally, Platinum Investment Management Ltd. lifted its position in Futu by 8.9% during the 2nd quarter. Platinum Investment Management Ltd. now owns 2,624 shares of the company’s stock worth $324,000 after acquiring an additional 214 shares during the period.

Futu Stock Down 0.6%

Futu stock opened at $186.56 on Wednesday. The business’s 50-day moving average price is $177.34 and its 200 day moving average price is $149.58. The firm has a market cap of $25.96 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 0.67 and a beta of 0.49. Futu Holdings Limited Sponsored ADR has a 52 week low of $70.60 and a 52 week high of $202.53.

Analyst Ratings Changes

FUTU has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Futu from $200.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Daiwa Capital Markets began coverage on Futu in a report on Monday, August 11th. They set a “buy” rating and a $190.00 target price for the company. Citigroup increased their price target on shares of Futu from $176.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Daiwa America raised shares of Futu to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Dbs Bank upgraded shares of Futu to a “moderate buy” rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Futu currently has a consensus rating of “Buy” and a consensus target price of $190.43.

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.