Eschler Asset Management LLP acquired a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,000 shares of the company’s stock, valued at approximately $1,806,000. Futu comprises approximately 1.2% of Eschler Asset Management LLP’s portfolio, making the stock its 20th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC boosted its stake in Futu by 2.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock worth $403,000 after buying an additional 68 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in Futu by 2.2% during the fourth quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock worth $562,000 after buying an additional 72 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Futu by 3.3% during the fourth quarter. Orion Porfolio Solutions LLC now owns 2,391 shares of the company’s stock worth $393,000 after buying an additional 77 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in Futu by 0.9% during the third quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock worth $1,559,000 after buying an additional 83 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in Futu by 5.1% during the fourth quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock worth $281,000 after buying an additional 83 shares in the last quarter.
Futu Stock Performance
Shares of NASDAQ:FUTU opened at $97.54 on Friday. Futu Holdings Limited Sponsored ADR has a 52 week low of $80.50 and a 52 week high of $202.53. The company’s fifty day moving average is $132.97 and its 200-day moving average is $150.01. The company has a market capitalization of $13.67 billion, a PE ratio of 10.73, a P/E/G ratio of 1.14 and a beta of 0.40.
Futu Announces Dividend
The company also recently announced a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is currently 28.05%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on FUTU shares. Zacks Research downgraded shares of Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Wall Street Zen downgraded shares of Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Barclays decreased their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. The Goldman Sachs Group cut Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a report on Monday, May 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $170.50 target price on shares of Futu in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.80.
View Our Latest Report on FUTU
About Futu
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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