Futu Holdings Limited (NASDAQ:FUTU) Stock Holdings Lifted by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Futu Holdings Limited (NASDAQ:FUTU) by 94.2% during the fourth quarter, Holdings Channel reports. The fund owned 45,062 shares of the company’s stock after acquiring an additional 21,856 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Futu were worth $3,605,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock valued at $36,000 after purchasing an additional 411 shares during the period. Rakuten Securities Inc. raised its position in Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock valued at $55,000 after buying an additional 482 shares during the period. Assetmark Inc. raised its position in Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $61,000 after buying an additional 760 shares during the period. GAMMA Investing LLC boosted its position in Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after acquiring an additional 184 shares during the period. Finally, Vestcor Inc grew its stake in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock valued at $73,000 after acquiring an additional 146 shares in the last quarter.

Futu Stock Down 1.1 %

FUTU stock opened at $102.34 on Friday. The firm has a 50 day moving average of $97.22 and a two-hundred day moving average of $94.67. Futu Holdings Limited has a 12 month low of $51.80 and a 12 month high of $130.88. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.79 and a beta of 0.67.

Analyst Ratings Changes

A number of research firms have recently issued reports on FUTU. UBS Group increased their price target on shares of Futu from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. increased their price objective on Futu from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Futu has a consensus rating of “Moderate Buy” and a consensus target price of $121.20.

About Futu

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.