Futu Target of Unusually Large Options Trading (NASDAQ:FUTU)

Futu Holdings Limited (NASDAQ:FUTU) was the recipient of some unusual options trading on Friday. Investors bought 21,107 call options on the company. This represents an increase of approximately 69% compared to the typical daily volume of 12,521 call options.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FUTU. CenterBook Partners LP acquired a new position in Futu during the fourth quarter worth approximately $591,000. Prudential PLC raised its position in shares of Futu by 23.2% in the 4th quarter. Prudential PLC now owns 597,476 shares of the company’s stock worth $32,640,000 after buying an additional 112,497 shares during the period. Nomura Holdings Inc. boosted its holdings in Futu by 274.9% in the fourth quarter. Nomura Holdings Inc. now owns 131,562 shares of the company’s stock valued at $7,187,000 after acquiring an additional 96,471 shares during the last quarter. Strategic Global Advisors LLC grew its position in Futu by 2,725.6% during the fourth quarter. Strategic Global Advisors LLC now owns 113,192 shares of the company’s stock valued at $6,184,000 after acquiring an additional 109,186 shares during the period. Finally, Barometer Capital Management Inc. acquired a new stake in Futu during the fourth quarter worth about $120,000.

Futu Stock Performance

FUTU stock opened at $127.98 on Friday. Futu has a one year low of $43.61 and a one year high of $128.30. The stock has a market capitalization of $17.63 billion, a P/E ratio of 33.86, a PEG ratio of 1.04 and a beta of 0.74. The company has a 50 day moving average price of $67.34 and a two-hundred day moving average price of $66.48.

Futu (NASDAQ:FUTU) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. The business had revenue of $400.73 million during the quarter. Research analysts forecast that Futu will post 4.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America boosted their price target on Futu from $80.20 to $90.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.97.

About Futu

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.