Futu Holdings Limited (NASDAQ:FUTU) Shares Bought by Rakuten Securities Inc.

Rakuten Securities Inc. raised its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 239.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 683 shares of the company’s stock after acquiring an additional 482 shares during the quarter. Rakuten Securities Inc.’s holdings in Futu were worth $55,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock valued at $36,000 after acquiring an additional 411 shares during the period. Assetmark Inc. lifted its holdings in Futu by 15,200.0% in the fourth quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $61,000 after acquiring an additional 760 shares during the period. GAMMA Investing LLC raised its stake in shares of Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after buying an additional 184 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Futu during the 3rd quarter worth $92,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Futu by 553.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,490 shares of the company’s stock worth $119,000 after buying an additional 1,262 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup downgraded Futu from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $79.00 to $95.00 in a research note on Tuesday, November 19th. Morgan Stanley raised Futu from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $115.00 in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.40.

Futu Trading Up 1.3 %

Futu stock opened at $111.73 on Thursday. The stock has a market cap of $15.40 billion, a PE ratio of 27.38, a P/E/G ratio of 0.79 and a beta of 0.78. The stock has a 50-day moving average price of $100.07 and a 200 day moving average price of $90.48. Futu Holdings Limited has a 52 week low of $51.80 and a 52 week high of $130.88.

Futu 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.