Crossmark Global Holdings Inc. Takes $346,000 Position in Futu Holdings Limited (NASDAQ:FUTU)

Crossmark Global Holdings Inc. bought a new position in shares of Futu Holdings Limited (NASDAQ:FUTU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,617 shares of the company’s stock, valued at approximately $346,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Futu by 181.5% during the 3rd quarter. GAMMA Investing LLC now owns 594 shares of the company’s stock worth $57,000 after buying an additional 383 shares during the last quarter. CWM LLC lifted its position in Futu by 67.7% in the third quarter. CWM LLC now owns 743 shares of the company’s stock valued at $71,000 after acquiring an additional 300 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Futu in the second quarter valued at $50,000. UniSuper Management Pty Ltd boosted its stake in Futu by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 800 shares of the company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Futu during the second quarter worth about $123,000.

Futu Stock Performance

Shares of NASDAQ:FUTU opened at $89.08 on Monday. Futu Holdings Limited has a one year low of $43.61 and a one year high of $130.50. The company has a 50-day simple moving average of $90.00 and a 200-day simple moving average of $75.15. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.93 and a beta of 0.75.

Futu (NASDAQ:FUTU) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. The firm had revenue of $400.73 million during the quarter. As a group, research analysts forecast that Futu Holdings Limited will post 4.75 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America boosted their target price on Futu from $80.20 to $90.00 and gave the company a “buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.97.

Futu Company Profile

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.