Barclays PLC Has $9.67 Million Holdings in Futu Holdings Limited (NASDAQ:FUTU)

Barclays PLC decreased its position in shares of Futu Holdings Limited (NASDAQ:FUTU) by 4.3% in the third quarter, Holdings Channel reports. The fund owned 101,063 shares of the company’s stock after selling 4,585 shares during the period. Barclays PLC’s holdings in Futu were worth $9,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FUTU. APG Asset Management N.V. acquired a new position in shares of Futu during the second quarter valued at about $496,000. Valliance Asset Management Ltd bought a new position in Futu during the third quarter valued at about $956,000. Sei Investments Co. raised its holdings in Futu by 261.3% in the 2nd quarter. Sei Investments Co. now owns 25,351 shares of the company’s stock valued at $1,663,000 after acquiring an additional 18,334 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Futu in the 2nd quarter worth approximately $1,956,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Futu by 14.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 117,561 shares of the company’s stock worth $11,245,000 after purchasing an additional 15,127 shares in the last quarter.

Futu Price Performance

Shares of FUTU opened at $86.18 on Wednesday. The business’s 50 day simple moving average is $92.21 and its 200-day simple moving average is $77.07. Futu Holdings Limited has a one year low of $43.61 and a one year high of $130.50. The company has a market capitalization of $11.88 billion, a P/E ratio of 21.12, a PEG ratio of 0.88 and a beta of 0.72.

Futu Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a dividend of $2.00 per share. The ex-dividend date is Friday, December 6th.

Wall Street Analyst Weigh In

FUTU has been the topic of several analyst reports. Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $115.00 in a report on Monday, November 18th. Bank of America increased their price target on shares of Futu from $80.20 to $90.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Citigroup downgraded Futu from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $79.00 to $95.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Futu currently has an average rating of “Moderate Buy” and an average price target of $87.33.

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.