Futu Holdings Limited (NASDAQ:FUTU) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Futu Holdings Limited (NASDAQ:FUTU) by 181.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 594 shares of the company’s stock after acquiring an additional 383 shares during the quarter. GAMMA Investing LLC’s holdings in Futu were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Futu by 5,847.2% during the 3rd quarter. SG Americas Securities LLC now owns 111,153 shares of the company’s stock worth $10,632,000 after acquiring an additional 109,284 shares during the period. Creative Planning lifted its holdings in shares of Futu by 27.8% in the 2nd quarter. Creative Planning now owns 13,253 shares of the company’s stock valued at $869,000 after buying an additional 2,884 shares during the period. Scientech Research LLC acquired a new position in shares of Futu in the 2nd quarter valued at about $220,000. MBB Public Markets I LLC acquired a new position in shares of Futu in the 2nd quarter valued at about $276,000. Finally, APG Asset Management N.V. acquired a new position in shares of Futu in the 2nd quarter valued at about $496,000.

Analyst Upgrades and Downgrades

Separately, Bank of America boosted their price objective on Futu from $80.20 to $90.00 and gave the company a “buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.97.

Futu Trading Down 1.0 %

NASDAQ FUTU opened at $95.25 on Thursday. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.65 and a beta of 0.74. Futu Holdings Limited has a twelve month low of $43.61 and a twelve month high of $130.50. The stock has a 50-day moving average of $75.25 and a 200 day moving average of $69.56.

Futu (NASDAQ:FUTU) last released its quarterly earnings results on Tuesday, August 20th. The company reported $1.11 earnings per share for the quarter. The company had revenue of $400.73 million during the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. Equities analysts predict that Futu Holdings Limited will post 4.28 EPS for the current fiscal year.

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.