GF Fund Management CO. LTD. Has $4.93 Million Stake in Futu Holdings Limited Sponsored ADR $FUTU

GF Fund Management CO. LTD. lifted its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 13.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,352 shares of the company’s stock after purchasing an additional 3,438 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Futu were worth $4,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FUTU. Geneos Wealth Management Inc. purchased a new stake in Futu in the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Futu during the second quarter worth $28,000. Cooper Investors PTY Ltd. acquired a new stake in Futu during the third quarter valued at $29,000. Hantz Financial Services Inc. boosted its position in Futu by 4,116.7% during the second quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 247 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in Futu in the second quarter valued at about $35,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FUTU shares. Barclays lifted their price target on Futu from $232.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Zacks Research upgraded shares of Futu from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded shares of Futu from a “neutral” rating to a “buy” rating and set a $213.39 price target on the stock in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Futu has a consensus rating of “Buy” and an average target price of $205.06.

Futu Stock Down 0.5%

NASDAQ:FUTU opened at $146.72 on Friday. The company’s 50 day moving average is $166.50 and its 200-day moving average is $171.47. Futu Holdings Limited Sponsored ADR has a 12 month low of $70.60 and a 12 month high of $202.53. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.38 and a beta of 0.43.

Futu (NASDAQ:FUTU) last announced its earnings results on Tuesday, November 18th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.54 by $0.39. The firm had revenue of $822.80 million for the quarter, compared to the consensus estimate of $631.51 million. Futu had a net margin of 47.11% and a return on equity of 30.59%. Research analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current fiscal year.

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.