Goldman Sachs & Co. LLC has recently announced that it has increased stake in Futu Holdings Ltd ADR (NASDAQ:FUTU) by 10.31%. After grabbing 3.54 million shares, the institutional investor is now in possession of 0.33 million shares of the Financial Company. The new investment brought the stake of investor firm to 3.84% having worth around $190.86 million. Moreover, Acadian Asset Management LLC increased its share by 1.27 million to have a control over 1.28 million shares. And SSgA Funds Management, Inc. raised its holdings to 92480.0 shares by acquiring 1.13 million shares or 1.23% of the stake.
Futu Holdings Ltd ADR (FUTU) concluded trading on 12/28/23 at a closing price of $54.17, with 2.91 million shares of worth about $157.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.62% during that period and on Thursday the price saw a gain of about 4.23%. Currently the company’s common shares owned by public are about 92.09M shares, out of which, 87.27M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the FUTU stock and their offered price forecasts bring an average price target of $545.44. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $702.50 and could fall to a lowest price of $312.84. The stock’s current price level is 22.45% above of average price target set by the analysts, while a rise to estimated low would result in gain of 82.68% for the stock. However, touching the estimated high of $702.50 would mean a gain of 92.29% for the stock.
iShares Tr. – Core MSCI EAFE ETF, Harvest Global Internet Stock Fun, and iShares Tr. – MSCI EAFE ETF are the top 3 mutual funds which are holding stakes in Futu Holdings Ltd ADR iShares Tr. – Core MSCI EAFE ETF is currently holding 0.32 million shares of worth totaling $17.35 million. The company recently came buying 0.0 shares which brought its stake up to 0.35% of the company’s outstanding shares. iShares Tr. – MSCI EAFE ETF, after buying 0.19 million shares, have now control over 0.20% of the stake in the company. It holds 0.0 shares of worth $10.03 million.
Futu Holdings Ltd ADR (NASDAQ: FUTU) started trading at $53.46, above $1.49 from concluding price of the previous day. However, the stock later moved at a day high price of 55.48, or with a gain of 4.23%. Stock saw a price change of 6.26% in past 5 days and over the past one month there was a price change of -3.03%. Year-to-date (YTD), FUTU shares are showing a performance of 33.26% which decreased to -15.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.91 but also hit the highest price of $67.49 during that period. The average intraday trading volume for Futu Holdings Ltd ADR shares is 1.81 million. The stock is currently trading 2.59% above its 20-day simple moving average (SMA20), while that difference is down -3.98% for SMA50 and it goes to 6.93% higher than SMA200.
Goldman Sachs & Co. LLC acquired 3.54 million shares of Futu Holdings Ltd ADR having value of about $190.86 million. Data submitted at the U.S SEC by Goldman Sachs & Co. LLC revealed that the firm now holds 0.33 million shares in the company valued at close to $17919056.81, or have control over 10.31% stake in the company. Futu Holdings Ltd ADR (NASDAQ: FUTU) currently have 92.09M outstanding shares and institutions hold larger chunk of about 27.31% of that. Holding of mutual funds in the company is about 22.75% while other institutional holders and individual stake holders have control over 4.55% and — of the stake respectively.
The stock has a current market capitalization of $4.99B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 13.64, while it has posted earnings per share of $3.97 in the same period. Its PEG reads 8.69 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FUTU, volatility over the week remained 2.66% while standing at 3.30% over the month.
Analysts are in expectations that Futu Holdings Ltd ADR (FUTU) stock would likely to be making an EPS of $0.96 in the current quarter, while forecast for next quarter EPS is $0.81 and it is $4.45 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.84 which is $1.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.94 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 49.80% while it is estimated to increase by 10.38% in next year.
Analysts at 17 brokerage firms have issued recommendations for the Futu Holdings Ltd ADR (FUTU)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.65. Out of those 17 Wall Street analysts, 12 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
