Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Stock Has Consensus Price Target of $139.91 According to Analysts

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) has been given a consensus rating of “Hold” by the six analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $139.91.

FUTU has been the topic of a number of analyst reports. Wall Street Zen upgraded Futu from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research raised Futu from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a research report on Friday, September 25th.

Futu Price Performance

FUTU stock opened at $113.71 on Friday. The company’s 50 day simple moving average is $112.95 and its 200-day simple moving average is $117.79. Futu has a 12 month low of $80.50 and a 12 month high of $202.53. The firm has a market capitalization of $15.94 billion, a PE ratio of 11.26, a P/E/G ratio of 1.21 and a beta of 0.45.

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, topping the consensus estimate of $2.98 by $0.35. Futu had a return on equity of 28.20% and a net margin of 42.95%. The firm had revenue of $852.66 million during the quarter, compared to the consensus estimate of $786.07 million. As a group, sell-side analysts anticipate that Futu will post 9.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUTU. V Square Quantitative Management LLC acquired a new stake in shares of Futu during the 1st quarter worth about $25,000. Rockefeller Capital Management L.P. raised its position in shares of Futu by 59.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock valued at $37,000 after buying an additional 84 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Futu by 58.3% in the first quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company’s stock valued at $165,000 after buying an additional 443 shares during the last quarter. SkyOak Wealth LLC purchased a new position in shares of Futu during the second quarter valued at approximately $207,000. Finally, State of Wyoming lifted its stake in shares of Futu by 21.4% during the first quarter. State of Wyoming now owns 1,530 shares of the company’s stock valued at $209,000 after buying an additional 270 shares during the period.

Futu Company Profile

Futu Holdings Limited is a technology-driven financial services company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools designed to help individual investors access securities markets, manage portfolios and obtain investment information.

Its principal platforms include Futubull and Moomoo, which offer services such as stock and exchange-traded fund trading, margin financing, market data, research, news, portfolio management and investor education.