Futu Holdings Limited Sponsored ADR $FUTU Stock Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 141.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,791 shares of the company’s stock after purchasing an additional 22,749 shares during the period. SG Americas Securities LLC’s holdings in Futu were worth $6,746,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. boosted its stake in shares of Futu by 2.1% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,971 shares of the company’s stock valued at $491,000 after buying an additional 83 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Futu by 0.4% in the second quarter. Asset Management One Co. Ltd. now owns 22,219 shares of the company’s stock worth $2,746,000 after acquiring an additional 94 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of Futu by 2.7% during the second quarter. Ensign Peak Advisors Inc now owns 3,800 shares of the company’s stock worth $470,000 after acquiring an additional 100 shares in the last quarter. Cerity Partners LLC boosted its position in Futu by 4.6% during the second quarter. Cerity Partners LLC now owns 2,729 shares of the company’s stock valued at $337,000 after purchasing an additional 120 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Futu by 15.9% in the second quarter. GAMMA Investing LLC now owns 1,026 shares of the company’s stock valued at $127,000 after purchasing an additional 141 shares in the last quarter.

Futu Stock Performance

FUTU opened at $178.49 on Friday. The company has a market cap of $24.84 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.53 and a beta of 0.20. The stock has a 50-day moving average of $171.82 and a 200-day moving average of $167.40. Futu Holdings Limited Sponsored ADR has a 52-week low of $70.60 and a 52-week high of $202.53.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.39. The business had revenue of $822.80 million for the quarter, compared to the consensus estimate of $631.51 million. Futu had a return on equity of 30.59% and a net margin of 47.11%. On average, research analysts predict that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on FUTU. Zacks Research raised Futu from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research note on Wednesday, October 8th. Finally, Barclays raised their price objective on shares of Futu from $232.00 to $236.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Futu has an average rating of “Buy” and a consensus target price of $203.67.

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.