Fideuram Asset Management Ireland dac Buys Shares of 6,293 Futu Holdings Limited Sponsored ADR $FUTU

Fideuram Asset Management Ireland dac bought a new stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm bought 6,293 shares of the company’s stock, valued at approximately $1,033,000.

Several other large investors also recently added to or reduced their stakes in FUTU. Geneos Wealth Management Inc. acquired a new stake in Futu during the 1st quarter valued at $27,000. Quarry LP acquired a new stake in Futu during the 3rd quarter valued at $51,000. Farther Finance Advisors LLC raised its stake in Futu by 53.2% during the 4th quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock valued at $54,000 after purchasing an additional 115 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Futu during the 4th quarter valued at $61,000. Finally, Jones Financial Companies Lllp raised its stake in Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after purchasing an additional 522 shares during the period.

Futu Price Performance

Futu stock opened at $104.07 on Friday. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.77 and a beta of 0.52. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $80.50 and a fifty-two week high of $202.53. The firm has a fifty day moving average price of $141.30 and a two-hundred day moving average price of $155.37.

Futu (NASDAQ:FUTUGet Free Report) last released its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The firm had revenue of $694.17 million for the quarter, compared to analyst estimates of $761.35 million. Futu had a return on equity of 27.28% and a net margin of 41.87%. As a group, sell-side analysts expect that Futu Holdings Limited Sponsored ADR will post 10.68 earnings per share for the current year.

Futu Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were given a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio is currently 28.05%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research cut shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group cut shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a report on Monday, May 25th. Jefferies Financial Group restated a “buy” rating and set a $170.50 price target on shares of Futu in a report on Thursday. Wall Street Zen cut shares of Futu from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Barclays lowered their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

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Key Futu News

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Futu Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FUTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report).

Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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