Barclays PLC Has $11.34 Million Stock Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Barclays PLC trimmed its stake in shares of Futu Holdings Limited (NASDAQ:FUTUFree Report) by 40.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 196,096 shares of the company’s stock after selling 135,534 shares during the quarter. Barclays PLC owned about 0.13% of Futu worth $11,335,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in Futu in the 3rd quarter worth about $345,000. Los Angeles Capital Management LLC increased its holdings in Futu by 224.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 16,772 shares of the company’s stock worth $970,000 after purchasing an additional 11,602 shares in the last quarter. Signaturefd LLC increased its holdings in Futu by 12.2% in the 3rd quarter. Signaturefd LLC now owns 2,615 shares of the company’s stock worth $151,000 after purchasing an additional 285 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Futu by 4.3% in the third quarter. Principal Financial Group Inc. now owns 18,532 shares of the company’s stock valued at $1,071,000 after buying an additional 757 shares during the period. Finally, Deuterium Capital Management LLC acquired a new stake in shares of Futu in the third quarter valued at about $289,000. 20.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Futu from $64.80 to $71.50 and gave the company a “buy” rating in a research note on Friday, November 24th. UBS Group raised Futu from a “neutral” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, January 5th. JPMorgan Chase & Co. raised Futu from a “neutral” rating to an “overweight” rating and set a $64.00 price target for the company in a research note on Wednesday, January 17th. Finally, Morgan Stanley raised Futu from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $40.00 to $50.00 in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Futu currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.76.

Get Our Latest Report on Futu

Futu Trading Up 6.9 %

Shares of NASDAQ:FUTU opened at $49.10 on Wednesday. The business’s 50 day simple moving average is $50.51 and its two-hundred day simple moving average is $54.92. Futu Holdings Limited has a 52-week low of $35.91 and a 52-week high of $67.49.

Futu (NASDAQ:FUTUGet Free Report) last announced its quarterly earnings results on Thursday, November 23rd. The company reported $1.00 earnings per share (EPS) for the quarter. Futu had a return on equity of 19.60% and a net margin of 43.99%. The business had revenue of $338.46 million for the quarter, compared to analyst estimates of $338.72 million. On average, research analysts expect that Futu Holdings Limited will post 4.16 earnings per share for the current fiscal year.

Futu Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Futu (NASDAQ:FUTU)

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