New York State Common Retirement Fund Invests $2.44 Million in Futu Holdings Limited (NASDAQ:FUTU)

New York State Common Retirement Fund purchased a new position in Futu Holdings Limited (NASDAQ:FUTU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,452 shares of the company’s stock, valued at approximately $2,436,000.

A number of other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Futu by 14.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company’s stock worth $84,000 after buying an additional 112 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Futu by 0.6% in the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company’s stock worth $1,842,000 after buying an additional 144 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Futu by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after buying an additional 184 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Futu by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 5,403 shares of the company’s stock worth $517,000 after buying an additional 222 shares during the last quarter. Finally, Lifestyle Asset Management Inc. lifted its position in shares of Futu by 6.1% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 5,373 shares of the company’s stock worth $514,000 after buying an additional 307 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on FUTU. Morgan Stanley upgraded shares of Futu from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $115.00 in a research report on Monday, November 18th. Citigroup downgraded shares of Futu from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.40.

Futu Stock Down 2.0 %

Shares of NASDAQ:FUTU opened at $109.19 on Friday. The company has a market cap of $15.05 billion, a PE ratio of 26.76, a P/E/G ratio of 0.79 and a beta of 0.76. The company’s 50-day moving average price is $95.64 and its 200 day moving average price is $87.71. Futu Holdings Limited has a fifty-two week low of $51.80 and a fifty-two week high of $130.88.

Futu Profile

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.