AustralianSuper Pty Ltd Has $10.71 Million Stake in Futu Holdings Limited Sponsored ADR $FUTU

AustralianSuper Pty Ltd lessened its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 42.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,592 shares of the company’s stock after selling 44,781 shares during the period. AustralianSuper Pty Ltd’s holdings in Futu were worth $10,711,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. AGF Management Ltd. bought a new position in shares of Futu in the third quarter valued at about $149,432,000. Arrowstreet Capital Limited Partnership raised its position in Futu by 113.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,544,025 shares of the company’s stock worth $190,826,000 after purchasing an additional 822,343 shares during the last quarter. Tredje AP fonden raised its position in shares of Futu by 3,579.1% in the 3rd quarter. Tredje AP fonden now owns 688,000 shares of the company’s stock worth $119,650,000 after acquiring an additional 669,300 shares in the last quarter. Aspex Management HK Ltd increased its stake in Futu by 21.1% in the second quarter. Aspex Management HK Ltd now owns 3,393,307 shares of the company’s stock valued at $419,379,000 after purchasing an additional 591,082 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Futu by 166.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 455,266 shares of the company’s stock worth $56,266,000 after acquiring an additional 284,387 shares in the last quarter.

Analyst Ratings Changes

FUTU has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a report on Thursday, January 22nd. The Goldman Sachs Group raised Futu from a “neutral” rating to a “buy” rating and set a $213.39 target price for the company in a report on Monday, February 2nd. Finally, Barclays raised their target price on Futu from $232.00 to $236.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Futu has a consensus rating of “Buy” and an average target price of $205.06.

Futu Trading Down 3.3%

FUTU stock opened at $144.70 on Wednesday. The business’s 50-day moving average is $162.27 and its 200 day moving average is $170.71. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.39 and a beta of 0.38. Futu Holdings Limited Sponsored ADR has a 12-month low of $70.60 and a 12-month high of $202.53.

Futu 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.