Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Stock Rated “Hold” by Wall Street Analysts

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) has been given an average rating of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $139.91.

Several analysts have recently weighed in on FUTU shares. Weiss Ratings downgraded shares of Futu from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 9th. Wall Street Zen raised shares of Futu from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Zacks Research upgraded shares of Futu from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th.

Futu Price Performance

Shares of FUTU stock traded down $4.32 during trading on Friday, hitting $105.48. 925,636 shares of the stock traded hands, compared to its average volume of 1,195,049. Futu has a 52-week low of $80.50 and a 52-week high of $202.53. The firm’s fifty day moving average price is $113.18 and its 200-day moving average price is $116.81. The firm has a market capitalization of $14.79 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.45.

Futu (NASDAQ:FUTU) last announced its earnings results on Thursday, August 20th. The company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.35. The firm had revenue of $852.66 million for the quarter, compared to the consensus estimate of $786.07 million. Futu had a net margin of 42.95% and a return on equity of 28.20%. As a group, equities research analysts expect that Futu will post 9.42 earnings per share for the current year.

Institutional Investors Weigh In On Futu

Several hedge funds have recently modified their holdings of the company. Franchise GP Ltd purchased a new position in Futu during the third quarter worth approximately $4,037,000. V Square Quantitative Management LLC boosted its holdings in Futu by 19.2% in the third quarter. V Square Quantitative Management LLC now owns 583 shares of the company’s stock valued at $64,000 after acquiring an additional 94 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Futu by 41.2% in the third quarter. Assenagon Asset Management S.A. now owns 927,552 shares of the company’s stock valued at $102,541,000 after acquiring an additional 270,689 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Futu by 7.0% in the second quarter. Sequoia Financial Advisors LLC now owns 4,797 shares of the company’s stock valued at $450,000 after acquiring an additional 315 shares during the last quarter. Finally, Nykredit A S purchased a new stake in Futu during the second quarter valued at about $1,607,000.

Futu Company Profile

Futu Holdings Limited is a technology-driven financial services company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools designed to help individual investors access securities markets, manage portfolios and obtain investment information.

Its principal platforms include Futubull and Moomoo, which offer services such as stock and exchange-traded fund trading, margin financing, market data, research, news, portfolio management and investor education.