13,381 Shares in Futu Holdings Limited (NASDAQ:FUTU) Purchased by Capital Wealth Planning LLC

Capital Wealth Planning LLC purchased a new position in Futu Holdings Limited (NASDAQ:FUTU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,381 shares of the company’s stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aspex Management HK Ltd grew its position in Futu by 2.4% in the third quarter. Aspex Management HK Ltd now owns 4,553,023 shares of the company’s stock worth $435,497,000 after acquiring an additional 108,219 shares in the last quarter. Hhlr Advisors LTD. grew its position in Futu by 46.8% in the third quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company’s stock worth $100,537,000 after acquiring an additional 335,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Futu by 502.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company’s stock worth $53,444,000 after acquiring an additional 465,961 shares in the last quarter. Geode Capital Management LLC grew its position in Futu by 3.3% in the third quarter. Geode Capital Management LLC now owns 545,949 shares of the company’s stock worth $51,475,000 after acquiring an additional 17,513 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Futu in the third quarter worth about $39,943,000.

Futu Price Performance

Shares of NASDAQ FUTU opened at $109.19 on Friday. The company has a market cap of $15.05 billion, a P/E ratio of 26.76, a PEG ratio of 0.79 and a beta of 0.76. Futu Holdings Limited has a 1 year low of $51.80 and a 1 year high of $130.88. The firm has a 50-day simple moving average of $95.64 and a two-hundred day simple moving average of $87.71.

Wall Street Analyst Weigh In

FUTU has been the subject of several analyst reports. Citigroup downgraded shares of Futu from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $79.00 to $95.00 in a research note on Tuesday, November 19th. Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $115.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.40.

Futu 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.