OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in Futu Holdings Limited Sponsored ADR $FUTU

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the 4th quarter, HoldingsChannel reports. The firm purchased 36,021 shares of the company’s stock, valued at approximately $5,915,000.

A number of other institutional investors have also recently bought and sold shares of the stock. CoreCap Advisors LLC increased its stake in Futu by 2.8% in the 4th quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock worth $403,000 after purchasing an additional 68 shares in the last quarter. Lifestyle Asset Management Inc. increased its stake in Futu by 2.2% in the 4th quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock worth $562,000 after purchasing an additional 72 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Futu by 3.3% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,391 shares of the company’s stock worth $393,000 after purchasing an additional 77 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Futu by 0.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock worth $1,559,000 after purchasing an additional 83 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its stake in Futu by 5.1% in the 4th quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock worth $281,000 after purchasing an additional 83 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Zacks Research cut Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. The Goldman Sachs Group cut Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a research note on Monday, May 25th. Wall Street Zen cut Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Barclays dropped their price target on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Futu currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Futu Price Performance

Shares of Futu stock opened at $100.12 on Tuesday. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.14 and a beta of 0.40. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The stock has a 50-day simple moving average of $132.17 and a 200-day simple moving average of $149.38.

Futu (NASDAQ:FUTU) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($2.12). The firm had revenue of $694.17 million for the quarter, compared to analyst estimates of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. As a group, equities research analysts predict that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current year.

Futu Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were issued a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is currently 28.05%.

About Futu

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.