Signaturefd LLC lifted its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 794 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Signaturefd LLC’s holdings in Futu were worth $126,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Veriti Management LLC acquired a new position in shares of Futu during the 4th quarter worth $34,000. IFP Advisors Inc acquired a new position in Futu in the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd acquired a new position in Futu in the 4th quarter valued at $77,000. Sowell Financial Services LLC acquired a new position in Futu in the 4th quarter valued at $101,000. Finally, SG Americas Securities LLC acquired a new position in Futu in the 4th quarter valued at $105,000. Institutional investors own 14.46% of the company’s stock.
FUTU has been the topic of a number of research analyst reports. 86 Research lowered shares of Futu from a “buy” rating to a “hold” rating and set a $171.00 target price on the stock. in a research note on Monday, February 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their target price on shares of Futu from $246.50 to $230.30 and set a “buy” rating on the stock in a research note on Tuesday, March 23rd. Bank of America initiated coverage on shares of Futu in a research note on Monday, May 3rd. They issued a “buy” rating and a $195.00 target price on the stock. Zacks Investment Research upgraded shares of Futu from a “hold” rating to a “strong-buy” rating and set a $205.00 target price on the stock in a research note on Tuesday, April 20th. Finally, TheStreet raised shares of Futu from a “d-” rating to a “c-” rating in a report on Tuesday, April 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $216.80.
Futu (NASDAQ:FUTU) last issued its quarterly earnings results on Tuesday, March 16th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $153.02 million during the quarter.
Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. It also offers online wealth management services under the Futu Money Plus brand, which gives access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas.
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