Futu Holdings Limited (NASDAQ:FUTU) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Futu Holdings Limited (NASDAQ:FUTU) by 42.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,095 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Toronto Dominion Bank’s holdings in Futu were worth $465,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FUTU. Marshall Wace LLP lifted its stake in Futu by 71.5% during the second quarter. Marshall Wace LLP now owns 1,521,314 shares of the company’s stock worth $99,813,000 after purchasing an additional 634,369 shares during the last quarter. E Fund Management Co. Ltd. acquired a new position in shares of Futu in the 2nd quarter valued at $31,490,000. National Bank of Canada FI grew its position in shares of Futu by 3,253,333.3% in the 2nd quarter. National Bank of Canada FI now owns 292,809 shares of the company’s stock valued at $18,790,000 after buying an additional 292,800 shares during the last quarter. Renaissance Technologies LLC raised its stake in Futu by 1,159.9% during the 2nd quarter. Renaissance Technologies LLC now owns 292,300 shares of the company’s stock worth $19,176,000 after acquiring an additional 269,100 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Futu by 5,492.5% in the second quarter. Acadian Asset Management LLC now owns 265,869 shares of the company’s stock valued at $17,419,000 after acquiring an additional 261,115 shares during the last quarter.

Futu Stock Performance

Shares of Futu stock opened at $95.65 on Tuesday. The company’s fifty day moving average is $62.82 and its two-hundred day moving average is $64.88. Futu Holdings Limited has a 1 year low of $43.61 and a 1 year high of $102.99. The company has a market capitalization of $13.18 billion, a P/E ratio of 25.30, a PEG ratio of 1.04 and a beta of 0.72.

Futu (NASDAQ:FUTU) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. The firm had revenue of $400.73 million during the quarter. As a group, equities analysts expect that Futu Holdings Limited will post 4.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America lifted their target price on Futu from $80.20 to $90.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.97.

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.