Dynasty Wealth Management LLC Takes Position in Futu Holdings Limited Sponsored ADR $FUTU

Dynasty Wealth Management LLC acquired a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,266 shares of the company’s stock, valued at approximately $568,000.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in Futu in the 1st quarter valued at about $235,000. Jones Financial Companies Lllp increased its stake in shares of Futu by 442.4% in the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after purchasing an additional 522 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Futu by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock valued at $46,997,000 after buying an additional 16,255 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Futu during the first quarter worth approximately $27,000. Finally, IFM Investors Pty Ltd grew its holdings in Futu by 22.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 13,049 shares of the company’s stock worth $1,613,000 after buying an additional 2,354 shares in the last quarter.

Futu Stock Performance

Shares of FUTU stock opened at $170.63 on Wednesday. Futu Holdings Limited Sponsored ADR has a 1 year low of $70.60 and a 1 year high of $202.53. The business’s fifty day moving average is $170.45 and its 200-day moving average is $170.76. The stock has a market cap of $23.74 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 0.50 and a beta of 0.20.

Futu (NASDAQ:FUTU) last announced its quarterly earnings data 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. The business had revenue of $822.80 million during the quarter, compared to analyst estimates of $631.51 million. Futu had a return on equity of 30.59% and a net margin of 47.11%. Equities research analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current year.

Wall Street Analyst Weigh In

FUTU has been the topic of several recent analyst reports. Barclays lifted their target price on Futu from $232.00 to $236.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Zacks Research upgraded shares of Futu from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Futu in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $203.67.

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.