Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUGet Free Report) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $162.8043.

FUTU has been the subject of several analyst reports. Zacks Research lowered Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Wall Street Zen lowered Futu from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.50 price target on shares of Futu in a research report on Thursday, May 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Finally, Barclays dropped their price target on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th.

Get Our Latest Stock Report on Futu

Futu Stock Performance

FUTU opened at $92.33 on Friday. The business has a 50 day moving average price of $137.17 and a 200 day moving average price of $152.46. Futu has a twelve month low of $80.50 and a twelve month high of $202.53. The firm has a market cap of $12.94 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.90 and a beta of 0.40.

Futu (NASDAQ:FUTUGet Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($2.12). Futu had a return on equity of 26.48% and a net margin of 41.87%.The company had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. As a group, analysts anticipate that Futu will post 10.73 earnings per share for the current fiscal year.

Futu Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were given a $2.60 dividend. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s payout ratio is currently 28.05%.

Futu News Roundup

Here are the key news stories impacting Futu this week:

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FUTU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Futu by 805.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock worth $195,933,000 after buying an additional 1,002,171 shares during the period. Aspex Management HK Ltd increased its position in Futu by 37.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock worth $553,650,000 after buying an additional 919,724 shares during the period. Tredje AP fonden increased its position in Futu by 3,579.1% in the 3rd quarter. Tredje AP fonden now owns 688,000 shares of the company’s stock worth $119,650,000 after buying an additional 669,300 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Futu by 25,558,100.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 511,164 shares of the company’s stock worth $83,938,000 after buying an additional 511,162 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. bought a new position in Futu in the 3rd quarter worth approximately $64,250,000.

About Futu

(Get Free Report)

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.

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Analyst Recommendations for Futu (NASDAQ:FUTU)

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