Siemens Fonds Invest GmbH Purchases Shares of 3,812 Futu Holdings Limited (NASDAQ:FUTU)

Siemens Fonds Invest GmbH purchased a new stake in shares of Futu Holdings Limited (NASDAQ:FUTU) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,812 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Futu during the 4th quarter valued at $116,315,000. Point72 Hong Kong Ltd lifted its position in shares of Futu by 170.6% during the 4th quarter. Point72 Hong Kong Ltd now owns 830,842 shares of the company’s stock valued at $66,459,000 after acquiring an additional 523,808 shares during the last quarter. Norges Bank acquired a new stake in shares of Futu during the 4th quarter valued at $39,163,000. Candriam S.C.A. acquired a new stake in shares of Futu during the 4th quarter valued at $28,004,000. Finally, Man Group plc acquired a new stake in shares of Futu during the 4th quarter valued at $25,430,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Futu from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. increased their price objective on Futu from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Futu has an average rating of “Moderate Buy” and an average price target of $121.20.

Futu Stock Up 1.7%

FUTU opened at $107.58 on Monday. The stock has a fifty day moving average of $96.83 and a 200-day moving average of $95.20. The firm has a market capitalization of $14.97 billion, a P/E ratio of 26.37, a PEG ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88.

Futu 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.