AustralianSuper Pty Ltd Has $16.20 Million Stock Holdings in Futu Holdings Limited (NASDAQ:FUTU)

AustralianSuper Pty Ltd trimmed its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU) by 36.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,355 shares of the company’s stock after selling 97,303 shares during the period. AustralianSuper Pty Ltd owned approximately 0.12% of Futu worth $16,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FUTU. APG Asset Management N.V. acquired a new position in shares of Futu in the 2nd quarter valued at about $496,000. Sei Investments Co. lifted its position in Futu by 261.3% in the 2nd quarter. Sei Investments Co. now owns 25,351 shares of the company’s stock worth $1,663,000 after buying an additional 18,334 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Futu during the 1st quarter valued at $747,000. Seven Eight Capital LP acquired a new stake in shares of Futu during the 2nd quarter valued at $1,956,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Futu by 221.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 90,000 shares of the company’s stock valued at $5,904,000 after acquiring an additional 62,000 shares in the last quarter.

Analyst Ratings Changes

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

Futu Stock Performance

Shares of Futu stock traded down $2.28 during midday trading on Thursday, reaching $93.86. 1,281,800 shares of the company’s stock traded hands, compared to its average volume of 2,281,421. Futu Holdings Limited has a 52 week low of $43.61 and a 52 week high of $130.50. The company’s 50 day simple moving average is $81.70 and its 200 day simple moving average is $72.04. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 earnings per share for the quarter. The business had revenue of $400.73 million for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. As a group, equities research analysts predict that Futu Holdings Limited will post 4.78 earnings per share for the current year.

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.