Wellington Management Group LLP Has $1.13 Million Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Wellington Management Group LLP trimmed its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 71.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,036 shares of the company’s stock after selling 29,952 shares during the period. Wellington Management Group LLP’s holdings in Futu were worth $1,128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lifestyle Asset Management Inc. boosted its holdings in Futu by 2.2% in the fourth quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock valued at $562,000 after acquiring an additional 72 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in Futu by 3.3% during the 4th quarter. Orion Porfolio Solutions LLC now owns 2,391 shares of the company’s stock worth $393,000 after purchasing an additional 77 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Futu by 59.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock worth $37,000 after purchasing an additional 84 shares during the last quarter. USS Investment Management Ltd lifted its position in Futu by 0.7% during the 1st quarter. USS Investment Management Ltd now owns 13,631 shares of the company’s stock valued at $1,865,000 after purchasing an additional 94 shares during the period. Finally, Dynasty Wealth Management LLC lifted its position in Futu by 2.9% during the 4th quarter. Dynasty Wealth Management LLC now owns 3,362 shares of the company’s stock valued at $552,000 after purchasing an additional 96 shares during the period.

Analyst Ratings Changes

Several research analysts have recently issued reports on FUTU shares. The Goldman Sachs Group lowered shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a research note on Monday, May 25th. Wall Street Zen upgraded shares of Futu from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research raised shares of Futu from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 target price on shares of Futu in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Futu has an average rating of “Hold” and a consensus price target of $139.91.

Futu Trading Down 0.7%

NASDAQ:FUTU opened at $112.73 on Friday. Futu Holdings Limited Sponsored ADR has a 1-year low of $80.50 and a 1-year high of $202.53. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.26 and a beta of 0.46. The business’s 50-day moving average price is $108.52 and its two-hundred day moving average price is $122.76.

Futu (NASDAQ:FUTU) last posted its earnings results on Thursday, August 20th. The company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.35. The company had revenue of $852.66 million during the quarter, compared to analyst estimates of $786.07 million. Futu had a return on equity of 28.20% and a net margin of 42.95%. Sell-side analysts predict that Futu Holdings Limited Sponsored ADR will post 9.45 earnings per share for the current year.

Futu Profile

Futu Holdings Limited is a financial technology company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools that allow individual investors to trade securities and manage investments through mobile and web applications.

Through its Futu and Moomoo platforms, the company offers access to products such as stocks, exchange-traded funds, options and futures, subject to the regulations of the relevant markets.