Barings LLC Has $7.94 Million Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Barings LLC raised its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report) by 3,576.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 58,054 shares of the company’s stock after purchasing an additional 56,475 shares during the quarter. Barings LLC’s holdings in Futu were worth $7,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Futu during the 1st quarter worth approximately $25,000. Rockefeller Capital Management L.P. raised its stake in Futu by 59.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock valued at $37,000 after acquiring an additional 84 shares during the period. Geneos Wealth Management Inc. bought a new stake in Futu in the 1st quarter valued at $27,000. Quarry LP acquired a new stake in Futu during the 3rd quarter valued at $51,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Futu during the 4th quarter valued at $49,000.

Wall Street Analyst Weigh In

Several research firms have commented on FUTU. The Goldman Sachs Group downgraded shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price objective on the stock. in a report on Monday, May 25th. Jefferies Financial Group restated a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday, May 28th. Zacks Research downgraded shares of Futu from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. Wall Street Zen lowered shares of Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Futu presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Get Our Latest Report on FUTU

Futu Stock Down 1.9%

Shares of NASDAQ:FUTU opened at $97.52 on Friday. Futu Holdings Limited Sponsored ADR has a 12-month low of $80.50 and a 12-month high of $202.53. The company’s 50 day moving average price is $104.79 and its two-hundred day moving average price is $137.89. The firm has a market cap of $13.67 billion, a PE ratio of 10.73, a PEG ratio of 1.17 and a beta of 0.39.

Futu (NASDAQ:FUTUGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The business had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. On average, research analysts expect that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current year.

Key Futu News

Here are the key news stories impacting Futu this week:

Futu Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FUTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUFree Report).

Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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