Harbour Capital Advisors LLC Boosts Stake in Futu Holdings Limited (NASDAQ:FUTU)

Harbour Capital Advisors LLC grew its position in shares of Futu Holdings Limited (NASDAQ:FUTU) by 101.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,495 shares of the company’s stock after acquiring an additional 3,775 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Futu were worth $604,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Futu by 181.5% in the third quarter. GAMMA Investing LLC now owns 594 shares of the company’s stock valued at $57,000 after buying an additional 383 shares during the period. CWM LLC increased its position in shares of Futu by 67.7% in the third quarter. CWM LLC now owns 743 shares of the company’s stock worth $71,000 after acquiring an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Futu by 14.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company’s stock valued at $84,000 after acquiring an additional 112 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Futu during the 3rd quarter valued at $92,000. Finally, Janus Henderson Group PLC purchased a new stake in Futu during the 3rd quarter worth $201,000.

Futu Stock Performance

Shares of NASDAQ:FUTU traded up $0.18 during trading on Monday, hitting $75.59. The company’s stock had a trading volume of 951,058 shares, compared to its average volume of 1,609,209. Futu Holdings Limited has a fifty-two week low of $43.61 and a fifty-two week high of $130.50. The stock’s 50-day moving average price is $86.72 and its two-hundred day moving average price is $78.39. The company has a market capitalization of $10.42 billion, a PE ratio of 18.53, a PEG ratio of 0.88 and a beta of 0.75.

Futu Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 6th were paid a dividend of $2.00 per share. The ex-dividend date was Friday, December 6th.

Analysts Set New Price Targets

FUTU has been the topic of several research reports. Citigroup lowered Futu from a “buy” rating to a “neutral” rating and raised their price objective for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $115.00 in a report on Monday, November 18th. Finally, Bank of America increased their price objective on shares of Futu from $80.20 to $90.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.40.

Futu Company Profile

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.