Amiral Gestion Increases Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Amiral Gestion lifted its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 85.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the company’s stock after purchasing an additional 6,900 shares during the period. Futu accounts for about 0.9% of Amiral Gestion’s investment portfolio, making the stock its 19th biggest holding. Amiral Gestion’s holdings in Futu were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FUTU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Futu by 805.2% in the third 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 during the period. AGF Management Ltd. bought a new position in shares of Futu in the 3rd quarter worth approximately $149,432,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Futu by 113.9% in the 2nd 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. Tredje AP fonden boosted its position in shares of Futu by 3,579.1% during the third quarter. Tredje AP fonden now owns 688,000 shares of the company’s stock valued at $119,650,000 after purchasing an additional 669,300 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. bought a new stake in shares of Futu during the third quarter valued at approximately $64,250,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upgraded Futu from a “neutral” rating to a “buy” rating and set a $213.39 price objective for the company in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. Finally, Barclays lowered their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $210.57.

Futu Stock Performance

NASDAQ FUTU opened at $133.94 on Friday. Futu Holdings Limited Sponsored ADR has a one year low of $70.60 and a one year high of $202.53. The stock has a 50-day moving average of $151.28 and a 200 day moving average of $165.65. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.79 and a beta of 0.38.

Futu (NASDAQ:FUTU) last posted its earnings results on Thursday, March 12th. The company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.01. Futu had a net margin of 49.63% and a return on equity of 32.24%. The business had revenue of $827.15 million for the quarter, compared to analysts’ expectations of $788.73 million. On average, equities analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current fiscal year.

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.