Callan Family Office LLC Takes Position in Futu Holdings Limited (NASDAQ:FUTU)

Callan Family Office LLC acquired a new position in shares of Futu Holdings Limited (NASDAQ:FUTU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,897 shares of the company’s stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FUTU. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Futu by 502.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 558,746 shares of the company’s stock valued at $53,444,000 after buying an additional 465,961 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Futu in the 3rd quarter worth about $39,943,000. Candriam S.C.A. acquired a new position in shares of Futu in the 4th quarter valued at about $28,004,000. Hhlr Advisors LTD. boosted its position in shares of Futu by 46.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 1,051,089 shares of the company’s stock valued at $100,537,000 after purchasing an additional 335,000 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Futu by 236.6% during the fourth quarter. SG Americas Securities LLC now owns 374,193 shares of the company’s stock worth $29,932,000 after purchasing an additional 263,040 shares during the period.

Futu Price Performance

FUTU opened at $113.00 on Monday. Futu Holdings Limited has a fifty-two week low of $51.80 and a fifty-two week high of $130.88. The firm has a market capitalization of $15.57 billion, a P/E ratio of 27.70, a PEG ratio of 0.79 and a beta of 0.78. The company’s 50-day moving average is $98.32 and its 200 day moving average is $89.69.

Analyst Ratings Changes

Several analysts have recently weighed in on FUTU shares. 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. Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $115.00 in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.40.

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.