6 days Ago By Defense World Staff
Wellington Management Group LLP purchased a new position in Futu Holdings Limited (NASDAQ:FUTU – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,125 shares of the company’s stock, valued at approximately $250,000. Several other institutional investors have also recently made changes to their positions in the business.
Norges Bank purchased a new position in shares of Futu during the 4th quarter valued at approximately $39,163,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Futu by 183.
6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 333,401 shares of the company’s stock worth $26,669,000 after purchasing an additional 215,840 shares in the last quarter.
Nomura Asset Management Co. Ltd. lifted its position in Futu by 189.
5% during the fourth quarter. Nomura Asset Management Co. Ltd.
now owns 39,047 shares of the company’s stock worth $3,123,000 after buying an additional 25,557 shares in the last quarter. Robeco Institutional Asset Management B.V.
acquired a new position in shares of Futu during the 4th quarter valued at about $1,200,000. Finally, Sei Investments Co. boosted its holdings in Futu by 381.
3% in the 4th quarter. Sei Investments Co. now owns 51,903 shares of the company’s stock valued at $4,152,000 after purchasing an additional 41,119 shares during the last quarter.
Futu Price PerformanceShares of NASDAQ FUTU opened at $85.26 on Tuesday. Futu Holdings Limited has a 1 year low of $51.
80 and a 1 year high of $130.88. The company has a market capitalization of $11.
75 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.79 and a beta of 0.
67. The business has a 50-day moving average of $105.32 and a two-hundred day moving average of $96.
41. Analysts Set New Price TargetsSeveral equities analysts have recently commented on the company. JPMorgan Chase & Co.
upped their price target on Futu from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 14th.
UBS Group boosted their price target on shares of Futu from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, March 17th.
One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.20.
Read Our Latest Stock Report on FutuFutu Profile (Free Report)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.See AlsoFive stocks we like better than FutuInvesting in the High PE Growth Stocks Why NVIDIA Stock Could Soar Despite Wall Street DowngradesDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold2 Fintech Stocks to Buy Now and 1 to Avoid3 Hot New IPOs Defying the 2025 Market SlumpWant to see what other hedge funds are holding FUTU? Visit HoldingsChannel.
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