Y Intercept Hong Kong Ltd Has $718,000 Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Y Intercept Hong Kong Ltd lessened its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 83.7% in the third quarter, HoldingsChannel.com reports. The firm owned 4,130 shares of the company’s stock after selling 21,250 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Futu were worth $718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cooper Investors PTY Ltd. bought a new position in shares of Futu in the third quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA purchased a new stake in Futu in the 2nd quarter valued at $28,000. TD Private Client Wealth LLC lifted its stake in Futu by 6,075.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 247 shares of the company’s stock valued at $43,000 after acquiring an additional 243 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Futu by 4,116.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 247 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Futu in the 1st quarter worth $27,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FUTU shares. Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a report on Thursday, January 22nd. The Goldman Sachs Group raised Futu from a “neutral” rating to a “buy” rating and set a $213.39 target price for the company in a report on Monday. Barclays lifted their price target on Futu from $232.00 to $236.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Zacks Research upgraded Futu from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $205.06.

Futu Stock Down 0.5%

FUTU opened at $161.72 on Tuesday. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.42 and a beta of 0.20. The firm has a 50-day moving average price of $169.50 and a 200-day moving average price of $172.14. Futu Holdings Limited Sponsored ADR has a twelve month low of $70.60 and a twelve month high of $202.53.

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

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.