Tredje AP fonden Has $87.44 Million Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Tredje AP fonden cut its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 22.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 532,486 shares of the company’s stock after selling 155,514 shares during the quarter. Tredje AP fonden’s holdings in Futu were worth $87,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC grew its stake in Futu by 6,075.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 247 shares of the company’s stock valued at $43,000 after buying an additional 243 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Futu in the 1st quarter valued at $27,000. Quarry LP acquired a new position in Futu in the 3rd quarter valued at $51,000. Farther Finance Advisors LLC grew its stake in Futu by 53.2% in the 4th 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. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Futu in the 4th quarter valued at $61,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Zacks Research downgraded shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group set a $205.00 price target on shares of Futu in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Futu presently has an average rating of “Moderate Buy” and an average target price of $209.17.

Futu Price Performance

Shares of Futu stock opened at $131.70 on Tuesday. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $100.50 and a fifty-two week high of $202.53. The firm has a fifty day moving average price of $148.07 and a two-hundred day moving average price of $160.25. The company has a market cap of $18.46 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52.

Futu (NASDAQ:FUTU) last issued its quarterly earnings results on Sunday, February 15th. The company reported $3.07 earnings per share for the quarter. Futu had a net margin of 49.63% and a return on equity of 32.24%. The firm had revenue of $771.00 million during the quarter. Analysts expect that Futu Holdings Limited Sponsored ADR will post 11.78 earnings per share for the current fiscal year.

Futu Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were issued a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is presently 24.81%.

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.