Futu Holdings Limited Sponsored ADR $FUTU Holdings Raised by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd boosted its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 79.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 149,600 shares of the company’s stock after purchasing an additional 66,200 shares during the period. Futu makes up approximately 8.2% of Aubrey Capital Management Ltd’s portfolio, making the stock its 2nd biggest holding. Aubrey Capital Management Ltd owned 0.11% of Futu worth $26,016,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC acquired a new stake in Futu during the first quarter worth about $235,000. Jones Financial Companies Lllp lifted its holdings in 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 acquiring an additional 522 shares during the period. Goldman Sachs Group Inc. boosted its position in Futu by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock worth $46,997,000 after purchasing an additional 16,255 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Futu during the 1st quarter worth approximately $27,000. Finally, Diversified Trust Co purchased a new position in shares of Futu during the 2nd quarter valued at approximately $390,000.

Futu Stock Down 2.7%

Shares of NASDAQ FUTU opened at $165.96 on Thursday. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.50 and a beta of 0.20. The company’s 50-day simple moving average is $170.05 and its 200-day simple moving average is $170.72. Futu Holdings Limited Sponsored ADR has a 52-week low of $70.60 and a 52-week high of $202.53.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Zacks Research raised shares of Futu from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Barclays upped their price objective on shares of Futu from $232.00 to $236.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $203.67.

About Futu

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.