Futu Holdings Limited (NASDAQ:FUTU) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 138.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,067 shares of the company’s stock after purchasing an additional 9,336 shares during the period. US Bancorp DE’s holdings in Futu were worth $1,285,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Futu by 0.6% in the fourth quarter. Rhumbline Advisers now owns 23,023 shares of the company’s stock valued at $1,842,000 after acquiring an additional 144 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Futu by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock valued at $62,000 after acquiring an additional 184 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Futu by 4.3% in the third quarter. CIBC Asset Management Inc now owns 5,403 shares of the company’s stock valued at $517,000 after acquiring an additional 222 shares in the last quarter. Sompo Asset Management Co. Ltd. lifted its position in shares of Futu by 3.7% in the third quarter. Sompo Asset Management Co. Ltd. now owns 11,360 shares of the company’s stock valued at $1,087,000 after acquiring an additional 410 shares in the last quarter. Finally, BOCHK Asset Management Ltd lifted its position in shares of Futu by 8.1% in the fourth quarter. BOCHK Asset Management Ltd now owns 8,000 shares of the company’s stock valued at $640,000 after acquiring an additional 600 shares in the last quarter.

Analyst Ratings Changes

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

Futu Stock Performance

Shares of Futu stock opened at $113.00 on Friday. Futu Holdings Limited has a one year low of $51.80 and a one year high of $130.88. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 0.79 and a beta of 0.78. The business’s 50 day moving average price is $98.32 and its 200 day moving average price is $89.50.

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.