SG Americas Securities LLC Buys 263,040 Shares of Futu Holdings Limited (NASDAQ:FUTU)

SG Americas Securities LLC boosted its stake in shares of Futu Holdings Limited (NASDAQ:FUTU) by 236.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 374,193 shares of the company’s stock after buying an additional 263,040 shares during the period. SG Americas Securities LLC’s holdings in Futu were worth $29,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Futu by 181.5% during the 3rd quarter. GAMMA Investing LLC now owns 594 shares of the company’s stock valued at $57,000 after buying an additional 383 shares during the period. CWM LLC raised its holdings in Futu by 67.7% during the 3rd quarter. CWM LLC now owns 743 shares of the company’s stock valued at $71,000 after buying an additional 300 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Futu by 14.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 877 shares of the company’s stock valued at $84,000 after buying an additional 112 shares during the period. Venturi Wealth Management LLC purchased a new stake in Futu during the 3rd quarter valued at $92,000. Finally, Janus Henderson Group PLC purchased a new stake in Futu during the 3rd quarter valued at $201,000.

Futu Trading Down 2.3 %

FUTU opened at $89.26 on Thursday. Futu Holdings Limited has a 12-month low of $45.15 and a 12-month high of $130.50. The business’s fifty day simple moving average is $84.50 and its 200-day simple moving average is $79.16. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 0.72 and a beta of 0.75.

Futu Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 6th were paid a dividend of $2.00 per share. The ex-dividend date was Friday, December 6th.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FUTU. Citigroup lowered Futu from a “buy” rating to a “neutral” rating and increased their price target for the company from $79.00 to $95.00 in a report on Tuesday, November 19th. Morgan Stanley raised Futu from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Finally, Bank of America upped their price objective on Futu from $80.20 to $90.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.40.

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.