Brokerages Set Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Price Target at $205.06

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $205.0557.

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Futu from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. The Goldman Sachs Group upgraded shares of Futu from a “neutral” rating to a “buy” rating and set a $213.39 price target on the stock in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a research report on Thursday, January 22nd. Finally, Barclays lifted their target price 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Futu during the 1st quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new position in Futu during the second quarter valued at about $28,000. Cooper Investors PTY Ltd. purchased a new stake in Futu during the third quarter worth about $29,000. Hantz Financial Services Inc. increased its holdings in Futu by 4,116.7% during the second quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $31,000 after buying an additional 247 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in Futu in the second quarter worth about $35,000.

Futu Stock Performance

Shares of FUTU opened at $151.49 on Monday. The firm has a market capitalization of $21.08 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.38 and a beta of 0.43. Futu has a 52 week low of $70.60 and a 52 week high of $202.53. The stock has a 50 day moving average price of $168.24 and a two-hundred day moving average price of $171.79.

Futu (NASDAQ:FUTU) last announced its earnings results on Tuesday, November 18th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.39. The company had revenue of $822.80 million for the quarter, compared to analysts’ expectations of $631.51 million. Futu had a return on equity of 30.59% and a net margin of 47.11%. On average, equities analysts forecast that Futu will post 4.94 earnings per share for the current year.

About Futu

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.