Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors purchased 12,460 put options on the company. This is an increase of 133% compared to the typical volume of 5,358 put options.
Futu Price Performance
Shares of NASDAQ:FUTU traded down $6.49 during midday trading on Tuesday, reaching $125.21. 2,376,391 shares of the company’s stock were exchanged, compared to its average volume of 1,623,195. The firm’s 50 day simple moving average is $148.07 and its two-hundred day simple moving average is $160.25. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.94 and a beta of 0.52. Futu has a fifty-two week low of $100.50 and a fifty-two week high of $202.53.
Futu (NASDAQ:FUTU – Get Free Report) last issued its quarterly earnings data on Sunday, February 15th. The company reported $3.07 earnings per share (EPS) for the quarter. The firm had revenue of $771.00 million during the quarter. Futu had a return on equity of 32.24% and a net margin of 49.63%. Equities research analysts predict that Futu will post 11.78 earnings per share for the current fiscal year.
Futu Dividend Announcement
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Barclays cut their target price on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. The Goldman Sachs Group set a $205.00 target price on Futu in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Futu has a consensus rating of “Moderate Buy” and an average price target of $209.17.
Read Our Latest Research Report on FUTU
Institutional Trading of Futu
Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of Futu in the first quarter valued at approximately $25,000. Rockefeller Capital Management L.P. boosted its stake in shares of Futu by 59.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock valued at $37,000 after buying an additional 84 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Futu by 6,075.0% in the third quarter. TD Private Client Wealth LLC now owns 247 shares of the company’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Futu in the first quarter valued at approximately $27,000. Finally, Quarry LP purchased a new stake in shares of Futu in the third quarter valued at approximately $51,000.
Futu Company Profile
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.
Featured Stories
- Five stocks we like better than Futu
- AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
- Ackman and Berkshire Are Betting Against Each Other on AI
- The $132 Billion Infrastructure Pivot You Might Have Missed
- Nebius Group Pulls Back 9% After a Downgrade Despite Strong Earnings
Receive News & Ratings for Futu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Futu and related companies with MarketBeat.com's FREE daily email newsletter.
