BRIGHT VALLEY CAPITAL Ltd Purchases Shares of 13,400 Futu Holdings Limited Sponsored ADR $FUTU

BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,400 shares of the company’s stock, valued at approximately $2,200,000. Futu accounts for approximately 0.8% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 11th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in Futu during the 1st quarter valued at $27,000. Quarry LP purchased a new stake in Futu during the 3rd quarter valued at $51,000. Hilton Head Capital Partners LLC purchased a new stake in Futu during the 4th quarter valued at $49,000. Farther Finance Advisors LLC boosted its position 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 buying an additional 115 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Futu during the 4th quarter valued at $61,000.

Futu Price Performance

Shares of Futu stock opened at $95.53 on Friday. The company has a 50-day moving average of $133.82 and a 200 day moving average of $150.38. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.09 and a beta of 0.40. Futu Holdings Limited Sponsored ADR has a 1 year low of $80.50 and a 1 year high of $202.53.

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

Futu Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FUTU shares. Zacks Research cut shares of Futu from a “hold” rating to a “strong sell” rating in a research report on Monday. Jefferies Financial Group restated a “buy” rating and issued a $170.50 price objective on shares of Futu in a report on Thursday, May 28th. The Goldman Sachs Group lowered shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price objective for the company. in a report on Monday, May 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Finally, Barclays decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

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.