15,100 Shares in Futu Holdings Limited Sponsored ADR $FUTU Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC bought a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,100 shares of the company’s stock, valued at approximately $2,626,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FUTU. Geneos Wealth Management Inc. acquired a new stake in shares of Futu in the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Futu during the 2nd quarter worth about $28,000. Cooper Investors PTY Ltd. bought a new stake in Futu during the 3rd quarter valued at approximately $29,000. Hantz Financial Services Inc. grew its holdings in Futu by 4,116.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 247 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Futu in the 2nd quarter worth approximately $35,000.

Futu Price Performance

Shares of FUTU stock opened at $148.84 on Friday. Futu Holdings Limited Sponsored ADR has a one year low of $70.60 and a one year high of $202.53. The stock has a fifty day moving average price of $162.99 and a 200 day moving average price of $171.09. The stock has a market cap of $20.71 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 0.40 and a beta of 0.43.

Wall Street Analysts Forecast Growth

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

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.