Amiral Gestion Makes New Investment in Futu Holdings Limited Sponsored ADR $FUTU

Amiral Gestion bought a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,100 shares of the company’s stock, valued at approximately $1,409,000. Futu makes up 0.5% of Amiral Gestion’s holdings, making the stock its 22nd largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FUTU. LFA Lugano Financial Advisors SA acquired a new stake in shares of Futu in the second quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its holdings in Futu by 4,116.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 247 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Futu during the 1st quarter valued at $27,000. First Horizon Advisors Inc. purchased a new position in Futu during the second quarter worth $35,000. Finally, SVB Wealth LLC acquired a new position in shares of Futu in the first quarter worth $40,000.

Futu Trading Up 2.2%

FUTU stock opened at $163.84 on Friday. The firm has a 50 day simple moving average of $172.51 and a 200-day simple moving average of $161.03. The company has a market capitalization of $22.80 billion, a P/E ratio of 18.35, a PEG ratio of 0.53 and a beta of 0.19. Futu Holdings Limited Sponsored ADR has a twelve month low of $70.60 and a twelve month high of $202.53.

Futu (NASDAQ:FUTU) last released its earnings results on Tuesday, November 18th. The company reported $2.93 earnings per share for the quarter, beating 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 firm had revenue of $822.80 million during the quarter, compared to analyst estimates of $631.51 million. On average, research analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on FUTU. Dbs Bank raised shares of Futu to a “moderate buy” rating in a research note on Thursday, September 4th. Bank of America upped their price objective on shares of Futu from $172.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Zacks Research raised shares of Futu from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Citigroup boosted their price target on Futu from $176.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.