Futu Holdings Limited (NASDAQ:FUTU) Shares Sold by SG Americas Securities LLC

Posted by on Aug 5th, 2022

SG Americas Securities LLC trimmed its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU – Get Rating) by 71.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,026 shares of the company’s stock after selling 37,250 shares during the quarter. SG Americas Securities LLC’s holdings in Futu were worth $489,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUTU. Qube Research & Technologies Ltd acquired a new position in shares of Futu during the fourth quarter worth approximately $1,382,000. Quadrant Capital Group LLC lifted its stake in shares of Futu by 313.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,335 shares of the company’s stock valued at $58,000 after buying an additional 1,012 shares during the period. KBC Group NV raised its position in Futu by 3,302.3% in the fourth quarter. KBC Group NV now owns 129,050 shares of the company’s stock worth $5,588,000 after purchasing an additional 125,257 shares in the last quarter. Toronto Dominion Bank raised its position in Futu by 172.1% in the fourth quarter. Toronto Dominion Bank now owns 3,695 shares of the company’s stock worth $160,000 after purchasing an additional 2,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Futu by 23.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 53,908 shares of the company’s stock worth $2,334,000 after buying an additional 10,287 shares in the last quarter. 23.33% of the stock is owned by institutional investors.

Futu Stock Up 0.6 %

Shares of NASDAQ:FUTU opened at $42.34 on Friday. The firm has a market capitalization of $6.37 billion, a PE ratio of 22.76, a P/E/G ratio of 0.76 and a beta of 0.24. Futu Holdings Limited has a twelve month low of $21.23 and a twelve month high of $119.38. The company has a 50-day moving average price of $45.59 and a two-hundred day moving average price of $37.86.

Futu (NASDAQ:FUTU – Get Rating) last announced its earnings results on Monday, June 6th. The company reported $0.49 earnings per share (EPS) for the quarter. Futu had a net margin of 33.88% and a return on equity of 10.59%. The business had revenue of $209.51 million during the quarter. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Analysts anticipate that Futu Holdings Limited will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on FUTU. JPMorgan Chase & Co. cut shares of Futu from an “overweight” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research note on Thursday, June 23rd. CLSA lowered shares of Futu from an “underperform” rating to a “sell” rating and set a $27.00 price objective on the stock. in a research note on Monday, June 6th. Finally, Bank of America raised shares of Futu from an “underperform” rating to a “buy” rating in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.63.

About Futu

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Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. It also offers online wealth management services under the brand of Futu Money Plus through its Futubull and moomoo platforms, which give access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas.

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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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