Schroder Investment Management Group Grows Stake in Futu Holdings Limited (NASDAQ:FUTU)

Schroder Investment Management Group increased its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,156 shares of the company’s stock after purchasing an additional 3,491 shares during the period. Schroder Investment Management Group’s holdings in Futu were worth $10,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Futu by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,326 shares of the company’s stock worth $746,000 after buying an additional 113 shares in the last quarter. Rhumbline Advisers lifted its stake in Futu by 0.6% in the 4th quarter. Rhumbline Advisers now owns 23,023 shares of the company’s stock worth $1,842,000 after purchasing an additional 144 shares in the last quarter. Vestcor Inc lifted its stake in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock worth $73,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Futu by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock valued at $62,000 after purchasing an additional 184 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Futu by 1,245.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock worth $36,000 after purchasing an additional 411 shares during the last quarter.

Futu Price Performance

NASDAQ:FUTU opened at $83.51 on Friday. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.79 and a beta of 0.67. The business has a 50 day simple moving average of $108.17 and a 200-day simple moving average of $95.80. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88.

Analyst Ratings Changes

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

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.