Futu Target of Unusually Large Options Trading (NASDAQ:FUTU)

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) was the target of unusually large options trading activity on Tuesday. Traders purchased 12,460 put options on the company. This represents an increase of approximately 133% compared to the typical volume of 5,358 put options.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FUTU. The Goldman Sachs Group set a $205.00 target price on shares of Futu in a research report on Monday, May 4th. Barclays decreased their target price on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Futu has a consensus rating of “Moderate Buy” and a consensus target price of $209.17.

Institutional Investors Weigh In On Futu

A number of large investors have recently modified their holdings of FUTU. CoreCap Advisors LLC boosted its position in Futu by 2.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock valued at $403,000 after buying an additional 68 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in Futu by 2.2% in the 4th quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock valued at $562,000 after acquiring an additional 72 shares during the period. Orion Porfolio Solutions LLC grew its stake in Futu by 3.3% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,391 shares of the company’s stock valued at $393,000 after acquiring an additional 77 shares during the period. Diversify Wealth Management LLC grew its stake in Futu by 0.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock valued at $1,559,000 after acquiring an additional 83 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in Futu by 5.1% in the 4th quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock valued at $281,000 after acquiring an additional 83 shares during the period.

Futu Price Performance

Futu stock traded down $6.49 during mid-day trading on Tuesday, reaching $125.21. 2,376,391 shares of the company traded hands, compared to its average volume of 1,623,195. The firm’s 50 day moving average price is $148.07 and its 200 day moving average price is $160.25. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.94 and a beta of 0.52. Futu has a 52-week low of $100.50 and a 52-week high of $202.53.

Futu (NASDAQ:FUTU) last posted its earnings results on Sunday, February 15th. The company reported $3.07 earnings per share (EPS) for the quarter. Futu had a net margin of 49.63% and a return on equity of 32.24%. The business had revenue of $771.00 million for the quarter. On average, sell-side analysts anticipate that Futu will post 11.78 EPS for the current year.

Futu Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 16th were issued a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is presently 24.81%.

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.