Futu Holdings Limited (NASDAQ:FUTU) is Hhlr Advisors LTD.’s 10th Largest Position

Hhlr Advisors LTD. grew its position in shares of Futu Holdings Limited (NASDAQ:FUTU) by 46.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,051,089 shares of the company’s stock after purchasing an additional 335,000 shares during the period. Futu makes up 2.2% of Hhlr Advisors LTD.’s portfolio, making the stock its 10th biggest holding. Hhlr Advisors LTD. owned about 0.76% of Futu worth $100,537,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FUTU. Allspring Global Investments Holdings LLC purchased a new position in shares of Futu during the 2nd quarter valued at $50,000. GAMMA Investing LLC lifted its holdings in shares of Futu by 181.5% during the 3rd quarter. GAMMA Investing LLC now owns 594 shares of the company’s stock worth $57,000 after acquiring an additional 383 shares during the last quarter. CWM LLC lifted its holdings in shares of Futu by 67.7% during the 3rd quarter. CWM LLC now owns 743 shares of the company’s stock worth $71,000 after acquiring an additional 300 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Futu during the 3rd quarter worth $92,000. Finally, SG Americas Securities LLC bought a new stake in shares of Futu during the 2nd quarter worth $123,000.

Futu Stock Up 1.0 %

Futu stock opened at $87.23 on Friday. The company has a market capitalization of $12.02 billion, a PE ratio of 21.38, a P/E/G ratio of 0.88 and a beta of 0.75. The firm has a fifty day simple moving average of $95.24 and a two-hundred day simple moving average of $76.16. Futu Holdings Limited has a twelve month low of $43.61 and a twelve month high of $130.50.

Futu Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, December 6th.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup downgraded shares of Futu from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $115.00 in a report on Monday, November 18th. Finally, Bank of America lifted their price objective on shares of Futu from $80.20 to $90.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Futu has an average rating of “Moderate Buy” and a consensus target price of $87.33.

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.