Futu Holdings Limited Sponsored ADR $FUTU Shares Bought by Aspex Management HK Ltd

Aspex Management HK Ltd raised its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,393,307 shares of the company’s stock after purchasing an additional 591,082 shares during the quarter. Futu accounts for 9.1% of Aspex Management HK Ltd’s investment portfolio, making the stock its 2nd biggest holding. Aspex Management HK Ltd owned about 2.44% of Futu worth $419,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in Futu in the 1st quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new position in Futu during the 1st quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Futu in the 2nd quarter worth $28,000. Allianz SE purchased a new stake in shares of Futu in the first quarter valued at about $30,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Futu by 4,116.7% during the second quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 247 shares during the period.

Futu Stock Up 0.8%

Shares of FUTU stock opened at $169.60 on Thursday. The stock has a market cap of $23.60 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.59 and a beta of 0.49. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $70.60 and a fifty-two week high of $202.53. The business has a fifty day simple moving average of $173.90 and a 200-day simple moving average of $154.69.

Futu (NASDAQ:FUTU) last released its quarterly earnings data on Tuesday, November 18th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.54 by $0.39. Futu had a net margin of 47.11% and a return on equity of 30.59%. The business had revenue of $822.80 million for the quarter, compared to analyst estimates of $631.51 million. On average, sell-side analysts anticipate that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on FUTU shares. Zacks Research upgraded shares of Futu from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Dbs Bank raised Futu to a “moderate buy” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised their price target on Futu from $200.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a report on Wednesday, October 8th. Finally, Daiwa America upgraded Futu to a “strong-buy” rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $203.67.

About Futu

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.