Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Receives $209.17 Average Target Price from Analysts

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $209.1667.

FUTU has been the subject of a number of recent research reports. The Goldman Sachs Group set a $205.00 target price on Futu in a research note on Monday, May 4th. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Barclays cut their price objective on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research report on Thursday, January 22nd.

Futu Price Performance

Shares of FUTU opened at $134.64 on Wednesday. Futu has a 52-week low of $100.50 and a 52-week high of $202.53. The company has a market capitalization of $18.87 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52. The stock has a fifty day simple moving average of $148.33 and a two-hundred day simple moving average of $160.65.

Futu (NASDAQ:FUTU) last issued its earnings results on Sunday, February 15th. The company reported $3.07 earnings per share (EPS) for the quarter. Futu had a return on equity of 32.24% and a net margin of 49.63%.The business had revenue of $771.00 million during the quarter. As a group, equities analysts anticipate that Futu will post 11.78 earnings per share for the current fiscal year.

Futu Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 16th were given a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is presently 24.81%.

Institutional Trading of Futu

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP increased its position in shares of Futu by 16.0% during the 1st quarter. Quantinno Capital Management LP now owns 53,197 shares of the company’s stock worth $7,275,000 after purchasing an additional 7,343 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Futu by 18.6% during the 1st quarter. Lazard Asset Management LLC now owns 17,465 shares of the company’s stock worth $2,389,000 after purchasing an additional 2,735 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Futu by 576.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 287,000 shares of the company’s stock worth $39,250,000 after purchasing an additional 244,600 shares during the last quarter. Perseverance Asset Management International acquired a new stake in shares of Futu during the 1st quarter worth about $20,514,000. Finally, State of Wyoming grew its position in Futu by 21.4% in the 1st quarter. State of Wyoming now owns 1,530 shares of the company’s stock valued at $209,000 after acquiring an additional 270 shares in the last quarter.

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.