Trading On margin

Futu Holdings Limited (NASDAQ:FUTU) Receives Consensus Rating of “Hold” by Analysts

Shares of Futu Holdings Limited (NASDAQ:FUTU – Get Rating) received an average recommendation of “Hold” from the nine research firms that currently cover the stock, MarketBeat.com reports. Two investment analysts rated the stock with a sell recommendation, three gave the company a hold recommendation and one gave the company a buy recommendation. The 1-year average target price among brokers who have issued ratings on the stock in the past year is $67.46.

FUTU has been the subject of a number of recent research reports. CLSA downgraded Futu from an “underperform” rating to a “sell” rating and set a target price of $27.00 for the company. in a research note on Monday. Zacks Investment Research upgraded Futu from a “strong sell” rating to a “buy” rating and set a price target of $52.00 for the company in a research note on Thursday. Citigroup lowered its price target on Futu from $79.00 to $46.50 in a Monday, March 14 research note. TheStreet upgraded Futu from a “d+” rating to a “c” rating in a Monday, March 14 research note. Finally, JPMorgan Chase & Co. raised its price target on Futu from $50.00 to $55.00 in a research note on Tuesday.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

FUTU stock opened at $45.15 on Friday. Futu has a 1-year low of $21.23 and a 1-year high of $181.44. The company has a market capitalization of $6.79 billion, a P/E ratio of 24.27, a price-to-earnings growth ratio of 3.74 and a beta of 0.82. The stock has a 50-day simple moving average of $33.96 and a 200-day simple moving average of $34.76.

Futu (NASDAQ:FUTU – Get Rating) last released its results on Monday, June 6. The company reported earnings per share (EPS) of $4.18 for the quarter, beating analyst consensus estimates of $3.87 by $0.31. Futu had a return on equity of 10.59% and a net margin of 33.88%. During the same period last year, the company earned earnings per share of $1.03. As a group, research analysts expect Futu to post EPS of 1.75 for the current fiscal year.

A number of large investors have recently increased or reduced their stake in FUTU. Wells Fargo & Company MN increased its stake in Futu by 15.3% during the second quarter. Wells Fargo & Company MN now owns 7,536 shares of the company worth $1,350,000 after purchasing an additional 1,001 shares in the last quarter. Geode Capital Management LLC increased its stake in Futu by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 339,114 shares of the company worth $30,304,000 after purchasing an additional 29,879 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Futu by 7.6% during the third quarter. The Manufacturers Life Insurance Company now owns 19,800 shares of the company worth $1,802,000 after purchasing an additional 1,400 shares in the last quarter. Macquarie Group Ltd. increased its holdings of Futu shares by 1,603.9% in Q3. Macquarie Group Ltd. now owns 21,759 shares of the company worth $1,980,000 after purchasing an additional 20,482 shares in the last quarter. Finally, Rockefeller Capital Management LP purchased a new equity stake in Futu in Q3 worth approximately $27,000. 23.33% of the shares are currently held by institutional investors.

Futu Company Profile (Get a rating)

Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The Company provides trading, clearing and settlement services; margin financing and securities lending services; and inventory performance improvement program. It also offers online wealth management services under the Futu Money Plus brand through its Futubull and moomoo platforms, which provide access to mutual funds, private funds and bonds; market data and information services; and the NiuNiu Community, which serves as an open forum for users and customers to share ideas, ask questions, and exchange ideas.

Featured articles

Analyst Recommendations for Futu (NASDAQ: FUTU)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Futu right now?

Before you consider Futu, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes big…and Futu wasn’t on the list.

Although Futu currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here