Futu Holdings Limited (NASDAQ:FUTU – Get Free Report) was the recipient of unusually large options trading activity on Friday. Traders acquired 15,221 call options on the company. This represents an increase of 11% compared to the typical daily volume of 13,771 call options.
Institutional Investors Weigh In On Futu
Several large investors have recently added to or reduced their stakes in FUTU. Janney Montgomery Scott LLC boosted its position in Futu by 20.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,841 shares of the company’s stock valued at $941,000 after buying an additional 1,650 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Futu in the 3rd quarter valued at about $346,000. Venturi Wealth Management LLC purchased a new stake in Futu in the 3rd quarter valued at about $92,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Futu by 14.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 117,561 shares of the company’s stock valued at $11,245,000 after buying an additional 15,127 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in Futu in the 3rd quarter valued at about $784,000.
Futu Trading Up 10.2 %
Shares of NASDAQ:FUTU opened at $118.47 on Friday. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 0.79 and a beta of 0.78. Futu has a 12 month low of $51.80 and a 12 month high of $130.88. The firm’s 50-day moving average is $101.39 and its 200 day moving average is $91.00.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Futu
About Futu
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.
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