EverSource Wealth Advisors LLC Has $119,000 Stock Holdings in Futu Holdings Limited (NASDAQ:FUTU)

EverSource Wealth Advisors LLC boosted its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU) by 553.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490 shares of the company’s stock after buying an additional 1,262 shares during the period. EverSource Wealth Advisors LLC’s holdings in Futu were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in Futu by 139.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 10,300 shares of the company’s stock valued at $824,000 after acquiring an additional 6,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Futu by 11.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,780 shares of the company’s stock valued at $1,582,000 after buying an additional 1,961 shares during the period. Callan Family Office LLC purchased a new stake in Futu in the 4th quarter worth approximately $632,000. Candriam S.C.A. acquired a new stake in shares of Futu during the 4th quarter valued at $28,004,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Futu during the 4th quarter valued at $786,000.

Futu Stock Performance

FUTU opened at $117.11 on Tuesday. The firm has a market cap of $16.14 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The business has a 50 day moving average price of $102.11 and a 200 day moving average price of $91.83. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88.

Analyst Ratings Changes

FUTU has been the subject of several recent research reports. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $115.00 in a report on Monday, November 18th. UBS Group boosted their price target on Futu from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday. Citigroup lowered shares of Futu from a “buy” rating to a “neutral” rating and raised their price objective for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Futu from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Futu currently has an average rating of “Moderate Buy” and an average price target of $111.83.

Futu Company 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.