OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 36,021 Futu Holdings Limited Sponsored ADR $FUTU

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 36,021 shares of the company’s stock, valued at approximately $5,915,000.

A number of other hedge funds also recently added to or reduced their stakes in FUTU. Geneos Wealth Management Inc. bought a new stake in Futu in the first quarter valued at $27,000. Hilton Head Capital Partners LLC bought a new stake in Futu in the fourth quarter valued at $49,000. Parkside Financial Bank & Trust lifted its stake in Futu by 30,000.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 301 shares of the company’s stock valued at $49,000 after buying an additional 300 shares during the last quarter. Quarry LP bought a new stake in Futu in the third quarter valued at $51,000. Finally, Farther Finance Advisors LLC lifted its stake in Futu by 53.2% in the fourth quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock valued at $54,000 after buying an additional 115 shares during the last quarter.

Futu Trading Up 2.6%

Shares of Futu stock opened at $100.12 on Tuesday. The company’s 50-day moving average price is $132.17 and its two-hundred day moving average price is $149.38. Futu Holdings Limited Sponsored ADR has a 52 week low of $80.50 and a 52 week high of $202.53. The stock has a market cap of $14.03 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.14 and a beta of 0.40.

Futu (NASDAQ:FUTU) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $2.89 by ($2.12). Futu had a return on equity of 26.48% and a net margin of 41.87%.The business had revenue of $694.17 million during the quarter, compared to the consensus estimate of $761.35 million. On average, equities analysts predict that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Futu Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were given a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is 28.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FUTU shares. Barclays cut their target price on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Wall Street Zen downgraded shares of Futu from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Jefferies Financial Group reissued a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Finally, Zacks Research cut shares of Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.80.

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.