11,371 Shares in Futu Holdings Limited (NASDAQ:FUTU) Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. bought a new position in shares of Futu Holdings Limited (NASDAQ:FUTU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,371 shares of the company’s stock, valued at approximately $909,000.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock worth $36,000 after buying an additional 411 shares during the period. Rakuten Securities Inc. raised its holdings in Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock worth $55,000 after purchasing an additional 482 shares during the last quarter. Assetmark Inc. raised its holdings in Futu by 15,200.0% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company’s stock worth $61,000 after purchasing an additional 760 shares during the last quarter. GAMMA Investing LLC raised its holdings in Futu by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock worth $62,000 after purchasing an additional 184 shares during the last quarter. Finally, Vestcor Inc raised its holdings in Futu by 19.2% during the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock worth $73,000 after purchasing an additional 146 shares during the last quarter.

Futu Stock Up 10.2 %

Futu stock opened at $118.47 on Friday. The firm’s fifty day moving average is $101.39 and its 200 day moving average is $91.20. Futu Holdings Limited has a 12-month low of $51.80 and a 12-month high of $130.88. The company has a market capitalization of $16.32 billion, a PE ratio of 29.04, a PEG ratio of 0.79 and a beta of 0.78.

Wall Street Analyst Weigh In

Several research firms have issued reports on FUTU. JPMorgan Chase & Co. raised their price target on shares of Futu from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup lowered shares of 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 research note on Tuesday, November 19th. Finally, Morgan Stanley upgraded shares of Futu from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $70.00 to $115.00 in a research report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Futu currently has an average rating of “Moderate Buy” and a consensus target price of $107.00.

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.