Bank of New York Mellon Corp Has $7.22 Million Stock Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Bank of New York Mellon Corp increased its holdings in shares of Futu Holdings Limited (NASDAQ:FUTUFree Report) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 90,267 shares of the company’s stock after purchasing an additional 3,968 shares during the period. Bank of New York Mellon Corp owned approximately 0.07% of Futu worth $7,220,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after purchasing an additional 184 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Futu during the 3rd quarter worth about $201,000. M&T Bank Corp acquired a new position in shares of Futu during the 3rd quarter worth about $203,000. HighTower Advisors LLC acquired a new position in shares of Futu during the 3rd quarter worth about $277,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Futu during the 4th quarter worth about $280,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on FUTU shares. JPMorgan Chase & Co. boosted their price objective on Futu from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $115.00 in a research note on Monday, November 18th. Finally, Citigroup lowered Futu from a “buy” rating to a “neutral” rating and boosted their price target for the company from $79.00 to $95.00 in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.00.

View Our Latest Analysis on FUTU

Futu Trading Up 10.2 %

FUTU stock opened at $118.47 on Friday. Futu Holdings Limited has a 1-year low of $51.80 and a 1-year high of $130.88. The firm has a market cap of $16.32 billion, a P/E ratio of 29.04, a P/E/G ratio of 0.79 and a beta of 0.78. The business’s 50 day moving average is $101.39 and its 200-day moving average is $91.20.

Futu Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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