11,992 Shares in Futu Holdings Limited Sponsored ADR $FUTU Bought by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. acquired a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,992 shares of the company’s stock, valued at approximately $2,086,000.

A number of other large investors also recently bought and sold shares of the company. AGF Management Ltd. purchased a new stake in shares of Futu in the third quarter valued at about $149,432,000. Arrowstreet Capital Limited Partnership lifted its position in Futu by 113.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,544,025 shares of the company’s stock valued at $190,826,000 after purchasing an additional 822,343 shares during the period. Aspex Management HK Ltd boosted its holdings in Futu by 21.1% in the 2nd 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. BNP Paribas Financial Markets boosted its holdings in Futu by 166.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 455,266 shares of the company’s stock valued at $56,266,000 after purchasing an additional 284,387 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Futu by 34.4% during the 2nd quarter. Bank of America Corp DE now owns 1,006,656 shares of the company’s stock worth $124,413,000 after purchasing an additional 257,389 shares during the period.

Futu Stock Performance

Futu stock opened at $153.50 on Friday. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $70.60 and a fifty-two week high of $202.53. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 0.39 and a beta of 0.43. The stock’s fifty day moving average is $164.70 and its two-hundred day moving average is $171.36.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.39. The firm had revenue of $822.80 million for the quarter, compared to analysts’ expectations of $631.51 million. Futu had a net margin of 47.11% and a return on equity of 30.59%. As a group, sell-side analysts forecast that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.

Analysts Set New Price Targets

FUTU has been the subject of several recent analyst reports. Zacks Research raised Futu from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Futu in a research 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 upped their price target on shares of Futu from $232.00 to $236.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $205.06.

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.