Mitsubishi UFJ Trust & Banking Corp Has $2.35 Million Stake in Futu Holdings Limited (NASDAQ:FUTU)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,387 shares of the company’s stock after acquiring an additional 4,276 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Futu were worth $2,351,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock worth $36,000 after acquiring an additional 411 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Futu by 239.8% during the fourth quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock worth $55,000 after purchasing an additional 482 shares in the last quarter. Assetmark Inc. grew its stake in shares of Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $61,000 after purchasing an additional 760 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Futu by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock valued at $62,000 after purchasing an additional 184 shares in the last quarter. Finally, Vestcor Inc raised its position in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock worth $73,000 after purchasing an additional 146 shares during the last quarter.

Futu Stock Down 1.2 %

FUTU stock opened at $102.35 on Tuesday. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88. The business’s fifty day moving average is $107.82 and its 200-day moving average is $95.23. The company has a market cap of $14.10 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FUTU shares. UBS Group lifted their target price on Futu from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price objective on Futu from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.20.

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.