Schroder Investment Management Group Acquires 3,491 Shares of Futu Holdings Limited (NASDAQ:FUTU)

Schroder Investment Management Group boosted its holdings in Futu Holdings Limited (NASDAQ:FUTU) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,156 shares of the company’s stock after buying an additional 3,491 shares during the quarter. Schroder Investment Management Group owned 0.10% of Futu worth $10,491,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership bought a new position in Futu during the fourth quarter valued at approximately $116,315,000. Geode Capital Management LLC lifted its holdings in shares of Futu by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 545,949 shares of the company’s stock valued at $51,475,000 after buying an additional 17,513 shares during the period. Norges Bank purchased a new position in shares of Futu in the 4th quarter worth $39,163,000. SG Americas Securities LLC boosted its stake in shares of Futu by 236.6% in the 4th quarter. SG Americas Securities LLC now owns 374,193 shares of the company’s stock worth $29,932,000 after buying an additional 263,040 shares during the last quarter. Finally, Candriam S.C.A. bought a new stake in shares of Futu in the fourth quarter worth $28,004,000.

Futu Trading Down 14.3 %

Futu stock opened at $83.51 on Friday. The firm has a 50 day moving average of $108.17 and a 200 day moving average of $95.80. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 0.79 and a beta of 0.67. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88.

Analyst Upgrades and Downgrades

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

Futu Company 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.