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

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,021 shares of the company’s stock, valued at approximately $5,915,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in Futu during the first quarter worth $27,000. Quarry LP bought a new stake in Futu during the third quarter valued at $51,000. Hilton Head Capital Partners LLC bought a new stake in Futu during the fourth quarter valued at $49,000. Parkside Financial Bank & Trust grew its holdings in Futu by 30,000.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 301 shares of the company’s stock worth $49,000 after acquiring an additional 300 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Futu by 53.2% in the 4th quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock worth $54,000 after acquiring an additional 115 shares in the last quarter.

Futu Stock Performance

Shares of FUTU stock opened at $96.64 on Friday. The firm has a market capitalization of $13.55 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.13 and a beta of 0.40. The firm has a fifty day simple moving average of $128.30 and a two-hundred day simple moving average of $147.48. Futu Holdings Limited Sponsored ADR has a 12 month low of $80.50 and a 12 month high of $202.53.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The company had revenue of $694.17 million for 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 predict that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current fiscal year.

Futu Announces Dividend

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

Wall Street Analyst Weigh In

FUTU has been the topic of several recent analyst reports. The Goldman Sachs Group lowered Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a research note on Monday, May 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 price objective (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Zacks Research lowered shares of Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Barclays dropped their target price on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $170.50 price target on shares of Futu in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Futu Company 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.