Futu Holdings Limited Sponsored ADR $FUTU Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,686 shares of the company’s stock after purchasing an additional 899 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Futu were worth $826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FUTU. Hhlr Advisors LTD. raised its stake in Futu by 285.2% in the 1st quarter. Hhlr Advisors LTD. now owns 4,307,492 shares of the company’s stock valued at $440,872,000 after purchasing an additional 3,189,189 shares during the last quarter. Trivest Advisors Ltd acquired a new position in Futu in the 1st quarter valued at $98,651,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Futu by 883.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 989,367 shares of the company’s stock valued at $101,262,000 after purchasing an additional 888,760 shares during the last quarter. Yong Rong HK Asset Management Ltd acquired a new position in Futu in the 1st quarter valued at $77,172,000. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its stake in Futu by 48.2% in the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,901,635 shares of the company’s stock valued at $194,632,000 after purchasing an additional 618,701 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research note on Wednesday, October 8th. Citigroup raised their target price on Futu from $176.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Daiwa America raised Futu to a “strong-buy” rating in a research note on Tuesday, August 12th. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Daiwa Capital Markets started coverage on Futu in a research note on Monday, August 11th. They issued a “buy” rating and a $190.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.43.

Futu Trading Up 4.4%

NASDAQ FUTU opened at $163.53 on Monday. The stock has a market cap of $22.75 billion, a PE ratio of 22.68, a P/E/G ratio of 0.71 and a beta of 0.48. Futu Holdings Limited Sponsored ADR has a twelve month low of $70.60 and a twelve month high of $199.86. The stock has a fifty day simple moving average of $176.18 and a 200-day simple moving average of $137.07.

Futu Profile

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.