226,377 Shares in Futu Holdings Limited Sponsored ADR $FUTU Acquired by Capital International Inc. CA

Capital International Inc. CA acquired a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 226,377 shares of the company’s stock, valued at approximately $39,369,000. Capital International Inc. CA owned about 0.16% of Futu as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in Futu during the first quarter worth $235,000. Jones Financial Companies Lllp increased its stake in Futu by 442.4% in the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after purchasing an additional 522 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Futu by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock valued at $46,997,000 after purchasing an additional 16,255 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Futu during the first quarter valued at about $27,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Futu by 19.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,911 shares of the company’s stock worth $1,472,000 after purchasing an additional 1,931 shares in the last quarter.

Futu Price Performance

FUTU opened at $143.26 on Tuesday. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $70.60 and a fifty-two week high of $202.53. The firm has a market capitalization of $19.93 billion, a PE ratio of 16.04, a P/E/G ratio of 0.37 and a beta of 0.38. The company’s 50-day moving average is $160.62 and its 200 day moving average is $169.85.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a research report on Thursday, January 22nd. The Goldman Sachs Group raised Futu from a “neutral” rating to a “buy” rating and set a $213.39 price objective for the company in a research note on Monday, February 2nd. Finally, Barclays boosted their price objective on Futu from $232.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $205.06.

Futu Profile

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.