Prudential PLC Sells 16,282 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Prudential PLC reduced its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,955 shares of the company’s stock after selling 16,282 shares during the period. Prudential PLC’s holdings in Futu were worth $18,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in Futu during the first quarter valued at $27,000. Cooper Investors PTY Ltd. purchased a new position in Futu in the third quarter worth about $29,000. TD Private Client Wealth LLC grew its stake in shares of Futu by 6,075.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 247 shares of the company’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after purchasing an additional 522 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in shares of Futu during the 2nd quarter valued at about $70,000.

Analysts Set New Price Targets

FUTU has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. The Goldman Sachs Group raised shares of Futu from a “neutral” rating to a “buy” rating and set a $213.39 target price for the company in a report on Monday, February 2nd. Finally, Barclays increased their price target on shares of Futu from $232.00 to $236.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $205.06.

Get Our Latest Analysis on FUTU

Futu Stock Down 1.3%

FUTU stock opened at $141.14 on Friday. The business’s 50-day moving average price is $158.98 and its 200-day moving average price is $168.91. The stock has a market cap of $19.64 billion, a P/E ratio of 13.73, a PEG ratio of 0.36 and a beta of 0.38. Futu Holdings Limited Sponsored ADR has a twelve month low of $70.60 and a twelve month high of $202.53.

Futu (NASDAQ:FUTUGet Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. The business had revenue of $827.15 million during the quarter, compared to analyst estimates of $788.73 million. Futu had a net margin of 49.63% and a return on equity of 33.92%. On average, equities research analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current fiscal year.

Key Headlines Impacting Futu

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Futu Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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