Analysts Set Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) PT at $139.91

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUGet Free Report) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $139.9075.

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a research note on Monday, May 25th. Wall Street Zen upgraded Futu from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded Futu from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.50 price objective on shares of Futu in a research report on Thursday, May 28th.

Get Our Latest Stock Report on FUTU

Institutional Investors Weigh In On Futu

Large investors have recently added to or reduced their stakes in the company. Aspex Management HK Ltd boosted 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 valued at $553,650,000 after buying an additional 919,724 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Futu during the second quarter worth about $61,574,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Futu by 25,558,100.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 511,164 shares of the company’s stock worth $83,938,000 after acquiring an additional 511,162 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Futu by 576.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 287,000 shares of the company’s stock worth $39,250,000 after acquiring an additional 244,600 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in Futu by 68.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 507,500 shares of the company’s stock valued at $83,337,000 after purchasing an additional 206,000 shares during the last quarter.

Futu Trading Up 1.8%

Shares of Futu stock opened at $114.05 on Tuesday. Futu has a twelve month low of $80.50 and a twelve month high of $202.53. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.46. The company has a fifty day moving average price of $110.31 and a 200 day moving average price of $121.00.

Futu (NASDAQ:FUTUGet Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.98 by $0.35. The company had revenue of $852.66 million for the quarter, compared to analyst estimates of $786.07 million. Futu had a return on equity of 28.20% and a net margin of 42.95%. Analysts forecast that Futu will post 9.47 earnings per share for the current year.

Futu Company Profile

(Get Free Report)

Futu Holdings Limited is a financial technology company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools that allow individual investors to trade securities and manage investments through mobile and web applications.

Through its Futu and Moomoo platforms, the company offers access to products such as stocks, exchange-traded funds, options and futures, subject to the regulations of the relevant markets.

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Analyst Recommendations for Futu (NASDAQ:FUTU)

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