SG Americas Securities LLC Boosts Holdings in Futu Holdings Limited (NASDAQ:FUTU)

SG Americas Securities LLC increased its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 236.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 374,193 shares of the company’s stock after buying an additional 263,040 shares during the quarter. SG Americas Securities LLC owned about 0.27% of Futu worth $29,932,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FUTU. Mercer Global Advisors Inc. ADV increased its holdings in Futu by 9.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,521 shares of the company’s stock worth $821,000 after buying an additional 1,128 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Futu in the 2nd quarter worth about $280,000. Canada Pension Plan Investment Board increased its holdings in Futu by 221.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 90,000 shares of the company’s stock worth $5,904,000 after buying an additional 62,000 shares in the last quarter. Sei Investments Co. increased its holdings in Futu by 261.3% in the 2nd quarter. Sei Investments Co. now owns 25,351 shares of the company’s stock worth $1,663,000 after buying an additional 18,334 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in Futu by 6.4% in the 2nd quarter. Profund Advisors LLC now owns 6,919 shares of the company’s stock worth $454,000 after buying an additional 416 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FUTU shares. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $115.00 in a report on Monday, November 18th. Bank of America boosted their price target on Futu from $80.20 to $90.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Citigroup downgraded Futu from a “buy” rating to a “neutral” rating and boosted their price target for the company from $79.00 to $95.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Futu has a consensus rating of “Moderate Buy” and an average target price of $91.40.

Futu Trading Down 2.3 %

Shares of NASDAQ:FUTU opened at $89.26 on Thursday. The stock has a 50 day moving average of $84.50 and a 200 day moving average of $79.16. The company has a market cap of $12.30 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75. Futu Holdings Limited has a 12-month low of $45.15 and a 12-month high of $130.50.

Futu Announces Dividend

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

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.