Aware Super Pty Ltd as trustee of Aware Super Invests $6.20 Million in Futu Holdings Limited Sponsored ADR $FUTU

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the second quarter, Holdings Channel.com reports. The firm purchased 50,170 shares of the company’s stock, valued at approximately $6,201,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TD Asset Management Inc grew its holdings in Futu by 9.7% during the 2nd quarter. TD Asset Management Inc now owns 18,962 shares of the company’s stock worth $2,344,000 after acquiring an additional 1,678 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of Futu during the second quarter valued at approximately $447,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Futu by 15.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,686 shares of the company’s stock valued at $826,000 after purchasing an additional 899 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Futu by 19.8% in the second quarter. Blue Trust Inc. now owns 2,273 shares of the company’s stock valued at $281,000 after purchasing an additional 376 shares in the last quarter. Finally, Callan Family Office LLC raised its position in Futu by 14.0% in the 2nd quarter. Callan Family Office LLC now owns 9,099 shares of the company’s stock worth $1,125,000 after purchasing an additional 1,114 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on FUTU. Barclays increased their price objective on Futu from $176.00 to $232.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Dbs Bank raised Futu to a “moderate buy” rating in a research note on Thursday, September 4th. Daiwa America upgraded Futu to a “strong-buy” rating in a report on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a report on Wednesday, October 8th. Finally, Citigroup upped their target price on shares of Futu from $176.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Futu Stock Down 0.7%

NASDAQ:FUTU opened at $157.38 on Thursday. Futu Holdings Limited Sponsored ADR has a 12-month low of $70.60 and a 12-month high of $199.86. The stock’s fifty day simple moving average is $176.13 and its 200-day simple moving average is $135.78. The firm has a market capitalization of $21.90 billion, a P/E ratio of 21.83, a P/E/G ratio of 0.69 and a beta of 0.48.

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.