5,276 Shares in Futu Holdings Limited (NASDAQ:FUTU) Bought by Csenge Advisory Group

Csenge Advisory Group bought a new stake in Futu Holdings Limited (NASDAQ:FUTU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,276 shares of the company’s stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Futu by 14.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company’s stock worth $84,000 after purchasing an additional 112 shares during the period. Rhumbline Advisers increased its stake in Futu by 0.6% during 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. GAMMA Investing LLC raised its holdings in Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after buying an additional 184 shares during the period. CIBC Asset Management Inc lifted its stake in Futu by 4.3% in the third quarter. CIBC Asset Management Inc now owns 5,403 shares of the company’s stock valued at $517,000 after buying an additional 222 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Futu by 67.7% in the third quarter. CWM LLC now owns 743 shares of the company’s stock valued at $71,000 after buying an additional 300 shares during the period.

Futu Trading Up 1.4 %

Shares of FUTU opened at $123.56 on Wednesday. The stock has a market capitalization of $17.03 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.77 and a beta of 0.76. Futu Holdings Limited has a 12 month low of $49.17 and a 12 month high of $130.50. The firm has a fifty day simple moving average of $90.93 and a 200 day simple moving average of $84.77.

Futu Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 6th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, December 6th.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup cut shares of Futu from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $115.00 in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.40.

About Futu

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.