Greenwoods Asset Management Hong Kong Ltd. Acquires 139,473 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Greenwoods Asset Management Hong Kong Ltd. raised its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 14.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,135,821 shares of the company’s stock after purchasing an additional 139,473 shares during the period. Futu comprises about 4.6% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 6th largest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Futu were worth $186,513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Futu by 805.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock valued at $195,933,000 after acquiring an additional 1,002,171 shares in the last quarter. AGF Management Ltd. acquired a new stake in shares of Futu in the 3rd quarter valued at about $149,432,000. Tredje AP fonden raised its stake in shares of Futu by 3,579.1% in the 3rd quarter. Tredje AP fonden now owns 688,000 shares of the company’s stock valued at $119,650,000 after purchasing an additional 669,300 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Futu by 25,558,100.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 511,164 shares of the company’s stock valued at $83,938,000 after purchasing an additional 511,162 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. acquired a new position in shares of Futu during the third quarter worth about $64,250,000.

Futu Price Performance

Shares of NASDAQ FUTU opened at $124.50 on Wednesday. The business has a 50-day moving average of $147.69 and a 200-day moving average of $159.74. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.92 and a beta of 0.52. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $100.50 and a fifty-two week high of $202.53.

Futu (NASDAQ:FUTU) last released 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 business had revenue of $771.00 million for the quarter. On average, sell-side analysts expect that Futu Holdings Limited Sponsored ADR will post 11.78 EPS for the current 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 paid a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio is currently 24.81%.

Analyst Ratings Changes

FUTU has been the subject of a number of research reports. Barclays decreased their price objective on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. The Goldman Sachs Group set a $205.00 price target on shares of Futu in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Futu in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.17.

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.