Nykredit A S Takes Position in Futu Holdings Limited Sponsored ADR $FUTU

Nykredit A S bought a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the second quarter, HoldingsChannel reports. The institutional investor bought 22,415 shares of the company’s stock, valued at approximately $2,101,000.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC bought a new position in Futu in the first quarter valued at about $235,000. Jones Financial Companies Lllp raised its holdings in Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after purchasing an additional 522 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Futu by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock valued at $46,997,000 after purchasing an additional 16,255 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Futu in the 1st quarter valued at about $27,000. Finally, American Century Companies Inc. boosted its stake in shares of Futu by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 9,905 shares of the company’s stock valued at $1,224,000 after purchasing an additional 836 shares during the last quarter.

Futu Price Performance

Shares of FUTU stock opened at $121.75 on Tuesday. The stock has a market cap of $17.07 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. The stock has a 50-day moving average of $106.99 and a 200-day moving average of $123.63. 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 issued its quarterly earnings data on Thursday, August 20th. The company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.35. The firm had revenue of $852.66 million during the quarter, compared to analysts’ expectations of $786.07 million. Futu had a net margin of 42.95% and a return on equity of 28.20%. As a group, research analysts anticipate that Futu Holdings Limited Sponsored ADR will post 9.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FUTU. The Goldman Sachs Group downgraded shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target for the company. in a research note on Monday, May 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 target price on shares of Futu in a report on Thursday, May 28th. Zacks Research upgraded shares of Futu from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Wall Street Zen raised Futu from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $139.91.

About Futu

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.