Futu Holdings Limited Sponsored ADR $FUTU Shares Purchased by National Pension Service

National Pension Service boosted its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 151.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,181 shares of the company’s stock after purchasing an additional 4,925 shares during the quarter. National Pension Service’s holdings in Futu were worth $1,343,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings in shares of Futu by 2.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock valued at $403,000 after acquiring an additional 68 shares during the period. Diversify Wealth Management LLC boosted its holdings in shares of Futu by 0.9% during the third quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock valued at $1,559,000 after acquiring an additional 83 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Futu by 5.1% during the fourth quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock valued at $281,000 after acquiring an additional 83 shares during the period. Spire Wealth Management boosted its holdings in shares of Futu by 15.4% during the fourth quarter. Spire Wealth Management now owns 750 shares of the company’s stock valued at $123,000 after acquiring an additional 100 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Futu by 53.2% during the fourth quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock valued at $54,000 after acquiring an additional 115 shares during the period.

Futu Trading Down 1.2%

Shares of Futu stock opened at $102.85 on Tuesday. The company’s 50-day moving average price is $140.57 and its two-hundred day moving average price is $154.55. Futu Holdings Limited Sponsored ADR has a 52 week low of $80.50 and a 52 week high of $202.53. The stock has a market cap of $14.42 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.80 and a beta of 0.52.

Futu (NASDAQ:FUTU) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $2.89 by ($2.12). Futu had a return on equity of 26.48% and a net margin of 41.87%.The business had revenue of $694.17 million during the quarter, compared to the consensus estimate of $761.35 million. On average, equities analysts predict that Futu Holdings Limited Sponsored ADR will post 10.68 EPS for the current fiscal year.

Futu Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were given a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is 28.05%.

Analysts Set New Price Targets

FUTU has been the subject of several analyst reports. Wall Street Zen downgraded shares of Futu from a “hold” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Zacks Research downgraded shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a $170.50 price target on shares of Futu in a report on Thursday. Finally, Barclays reduced their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Futu has an average rating of “Moderate Buy” and an average target price of $162.80.

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.