Capital International Investors Acquires 9,119 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Capital International Investors boosted its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 941,214 shares of the company’s stock after buying an additional 9,119 shares during the period. Capital International Investors’ holdings in Futu were worth $154,557,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in Futu by 7.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company’s stock valued at $288,720,000 after buying an additional 116,143 shares in the last quarter. State Street Corp grew its holdings in Futu by 18.4% during the 2nd quarter. State Street Corp now owns 1,212,481 shares of the company’s stock valued at $149,851,000 after buying an additional 188,840 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in Futu by 14.0% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,135,821 shares of the company’s stock valued at $186,513,000 after buying an additional 139,473 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Futu by 805.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock valued at $195,933,000 after buying an additional 1,002,171 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Futu by 34.4% during the 2nd quarter. Bank of America Corp DE now owns 1,006,656 shares of the company’s stock valued at $124,413,000 after buying an additional 257,389 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research cut Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group cut Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target for the company. in a report on Monday, May 25th. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating and set a $170.50 price target on shares of Futu in a report on Thursday, May 28th. Finally, Barclays cut their price target on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Futu has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Futu Stock Performance

Shares of Futu stock opened at $91.08 on Tuesday. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.90 and a beta of 0.40. The stock has a 50 day moving average price of $136.27 and a 200-day moving average price of $151.80. Futu Holdings Limited Sponsored ADR has a one year low of $80.50 and a one year high of $202.53.

Futu (NASDAQ:FUTU) last announced its earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The company had revenue of $694.17 million during the quarter, compared to analysts’ expectations of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. Sell-side analysts predict that Futu Holdings Limited Sponsored ADR will post 10.73 earnings per share for the current fiscal year.

Futu Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, April 29th. Stockholders 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 28.05%.

Futu 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.