Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Receives Average Rating of “Hold” from Analysts

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $139.9075.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Futu from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $170.50 target price on shares of Futu in a report on Thursday, May 28th. Zacks Research upgraded Futu from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, The Goldman Sachs Group lowered Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a report on Monday, May 25th.

Futu Price Performance

Shares of FUTU opened at $124.57 on Friday. The stock has a market capitalization of $17.46 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.42 and a beta of 0.43. The business’s fifty day moving average price is $103.69 and its 200 day moving average price is $125.10. Futu has a 12-month low of $80.50 and a 12-month high of $202.53.

Futu (NASDAQ:FUTU) last released its earnings results on Thursday, August 20th. The company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.35. The firm had revenue of $852.66 million during the quarter, compared to analyst estimates of $786.07 million. Futu had a net margin of 42.95% and a return on equity of 28.20%. As a group, research analysts anticipate that Futu will post 9.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in Futu in the first quarter worth $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Futu during the first quarter valued at $27,000. Rockefeller Capital Management L.P. grew its position in shares of Futu by 59.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock worth $37,000 after acquiring an additional 84 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Futu during the fourth quarter worth about $49,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Futu by 30,000.0% during the fourth 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 last quarter.

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.