Futu Holdings Limited Sponsored ADR $FUTU Shares Bought by Swedbank AB

Swedbank AB increased its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,000 shares of the company’s stock after buying an additional 4,200 shares during the quarter. Swedbank AB’s holdings in Futu were worth $11,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FUTU. Advisors Preferred LLC raised its stake in shares of Futu by 60.6% during the 4th quarter. Advisors Preferred LLC now owns 2,244 shares of the company’s stock valued at $400,000 after buying an additional 847 shares during the last quarter. Strs Ohio boosted its stake in shares of Futu by 14.7% in the fourth quarter. Strs Ohio now owns 22,576 shares of the company’s stock worth $3,707,000 after buying an additional 2,890 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of Futu by 197.5% in the fourth quarter. Horizon Investments LLC now owns 3,168 shares of the company’s stock worth $520,000 after buying an additional 2,103 shares during the last quarter. Danske Bank A S boosted its stake in shares of Futu by 4.2% in the fourth quarter. Danske Bank A S now owns 31,917 shares of the company’s stock worth $5,241,000 after buying an additional 1,275 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Futu by 15.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,519 shares of the company’s stock worth $6,325,000 after buying an additional 5,240 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on FUTU. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. The Goldman Sachs Group set a $205.00 price objective on shares of Futu in a research note on Monday, May 4th. Finally, Barclays dropped their price objective on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $209.17.

Futu Price Performance

Shares of NASDAQ FUTU opened at $144.59 on Friday. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.83 and a beta of 0.52. The firm’s 50 day simple moving average is $149.41 and its 200-day simple moving average is $162.00. Futu Holdings Limited Sponsored ADR has a 12 month low of $100.50 and a 12 month high of $202.53.

Futu (NASDAQ:FUTU) last announced its earnings results on Sunday, February 15th. The company reported $3.07 earnings per share (EPS) for the quarter. Futu had a return on equity of 32.24% and a net margin of 49.63%.The firm had revenue of $771.00 million for the quarter. Analysts anticipate that Futu Holdings Limited Sponsored ADR will post 11.8 earnings per share for the current fiscal year.

Futu Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 16th were issued a $2.60 dividend. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s payout ratio is presently 24.81%.

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.