13,400 Shares in Futu Holdings Limited Sponsored ADR $FUTU Purchased by BRIGHT VALLEY CAPITAL Ltd

BRIGHT VALLEY CAPITAL Ltd purchased a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,400 shares of the company’s stock, valued at approximately $2,200,000. Futu comprises approximately 0.8% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 11th biggest position.

Several other institutional investors also recently bought and sold shares of the company. AI Squared Management Ltd grew its position in Futu by 1,088.9% during the 4th quarter. AI Squared Management Ltd now owns 21,400 shares of the company’s stock valued at $3,514,000 after purchasing an additional 19,600 shares during the last quarter. Amitell Capital Pte Ltd purchased a new stake in Futu during the 4th quarter valued at about $883,000. Aviva PLC grew its position in Futu by 3.5% during the 4th quarter. Aviva PLC now owns 104,192 shares of the company’s stock valued at $17,109,000 after purchasing an additional 3,561 shares during the last quarter. Myriad Asset Management Advisors LLC purchased a new stake in Futu during the 4th quarter valued at about $1,422,000. Finally, Westerkirk Capital Inc. grew its position in Futu by 300.0% during the 4th quarter. Westerkirk Capital Inc. now owns 2,000 shares of the company’s stock valued at $328,000 after purchasing an additional 1,500 shares during the last quarter.

Futu Stock Up 2.8%

Shares of NASDAQ FUTU opened at $95.53 on Friday. The firm’s 50-day moving average price is $133.82 and its 200-day moving average price is $150.38. The company has a market cap of $13.39 billion, a PE ratio of 10.51, a PEG ratio of 1.09 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.

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 analysts’ consensus estimates of $2.89 by ($2.12). The company had revenue of $694.17 million for the quarter, compared to analysts’ expectations 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 anticipate that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Futu Dividend Announcement

The business 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 of this dividend was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is presently 28.05%.

Wall Street Analyst Weigh In

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

Futu Profile

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.