Futu Holdings Limited (NASDAQ:FUTU) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of Futu Holdings Limited (NASDAQ:FUTU) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,261 shares of the company’s stock after selling 356 shares during the period. Crossmark Global Holdings Inc.’s holdings in Futu were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FUTU. Aspex Management HK Ltd raised its stake in shares of Futu by 2.4% during the third quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company’s stock valued at $435,497,000 after purchasing an additional 108,219 shares in the last quarter. Hhlr Advisors LTD. raised its stake in shares of Futu by 46.8% during the third quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company’s stock valued at $100,537,000 after purchasing an additional 335,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Futu by 502.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company’s stock valued at $53,444,000 after purchasing an additional 465,961 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Futu by 3.3% during the third quarter. Geode Capital Management LLC now owns 545,949 shares of the company’s stock valued at $51,475,000 after purchasing an additional 17,513 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Futu during the third quarter valued at about $39,943,000.

Analyst Upgrades and Downgrades

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

Futu Stock Down 3.3 %

NASDAQ FUTU opened at $93.87 on Tuesday. The stock has a market cap of $12.93 billion, a P/E ratio of 23.01, a PEG ratio of 0.71 and a beta of 0.75. The company’s 50-day simple moving average is $84.71 and its 200 day simple moving average is $79.69. Futu Holdings Limited has a twelve month low of $45.15 and a twelve month high of $130.50.

Futu Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, December 6th.

Futu Company 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.