Analysts Set Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) PT at $210.57

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $210.5650.

FUTU has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a report on Thursday, January 22nd. Barclays reduced their target price on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Finally, The Goldman Sachs Group raised Futu from a “neutral” rating to a “buy” rating and set a $213.39 target price on the stock in a report on Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Aspex Management HK Ltd boosted its holdings in shares of Futu by 37.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock worth $553,650,000 after acquiring an additional 919,724 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Futu by 7.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company’s stock worth $288,720,000 after buying an additional 116,143 shares in the last quarter. State Street Corp lifted its holdings in Futu by 18.4% during the 2nd quarter. State Street Corp now owns 1,212,481 shares of the company’s stock worth $149,851,000 after buying an additional 188,840 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in Futu by 14.0% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,135,821 shares of the company’s stock worth $186,513,000 after buying an additional 139,473 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Futu by 805.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock worth $195,933,000 after buying an additional 1,002,171 shares in the last quarter.

Futu Trading Down 1.3%

NASDAQ FUTU opened at $164.78 on Friday. The stock’s 50 day moving average is $147.90 and its two-hundred day moving average is $162.62. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.96 and a beta of 0.42. Futu has a 1-year low of $77.65 and a 1-year high of $202.53.

Futu (NASDAQ:FUTU) last released its quarterly earnings data on Sunday, February 15th. The company reported $3.07 earnings per share for the quarter. The company had revenue of $771.00 million for the quarter. Futu had a return on equity of 32.24% and a net margin of 49.63%. On average, analysts predict that Futu will post 11.95 earnings per share for the current year.

Futu Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th will be issued a $2.60 dividend. The ex-dividend date of this dividend is Thursday, April 16th. Futu’s payout ratio is presently 24.81%.

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.