Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $3.15 Million Position in Futu Holdings Limited Sponsored ADR $FUTU

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the 4th quarter, HoldingsChannel reports. The fund acquired 19,198 shares of the company’s stock, valued at approximately $3,153,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CoreCap Advisors LLC boosted its stake in shares of Futu by 2.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock valued at $403,000 after purchasing an additional 68 shares during the period. Lifestyle Asset Management Inc. lifted its stake in Futu by 2.2% in the fourth quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock worth $562,000 after acquiring an additional 72 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in Futu by 0.9% in the third quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock worth $1,559,000 after acquiring an additional 83 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in Futu by 5.1% in the fourth quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock worth $281,000 after acquiring an additional 83 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its stake in Futu by 2.9% in the fourth quarter. Dynasty Wealth Management LLC now owns 3,362 shares of the company’s stock worth $552,000 after acquiring an additional 96 shares during the last quarter.

Analysts Set New Price Targets

FUTU has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $170.50 price target on shares of Futu in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Barclays decreased their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Finally, The Goldman Sachs Group downgraded shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target for the company. in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.80.

Futu Trading Down 1.4%

Shares of NASDAQ:FUTU opened at $91.08 on Tuesday. The company has a market capitalization of $12.77 billion, a PE ratio of 10.02, a P/E/G ratio of 0.90 and a beta of 0.40. Futu Holdings Limited Sponsored ADR has a twelve month low of $80.50 and a twelve month high of $202.53. The firm has a 50 day simple moving average of $136.27 and a 200-day simple moving average of $151.80.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($2.12). The company had revenue of $694.17 million for the quarter, compared to analysts’ expectations of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. As a group, equities research analysts predict that Futu Holdings Limited Sponsored ADR will post 10.73 EPS for the current fiscal year.

Futu Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were given a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is currently 28.05%.

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.