Crossmark Global Holdings Inc. Invests $346,000 in Futu Holdings Limited (NASDAQ:FUTU)

Crossmark Global Holdings Inc. acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU) in the third quarter, HoldingsChannel.com reports. The fund acquired 3,617 shares of the company’s stock, valued at approximately $346,000.

A number of other hedge funds have also recently added to or reduced their stakes in FUTU. Janney Montgomery Scott LLC raised its stake in shares of Futu by 24.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,318 shares of the company’s stock worth $559,000 after buying an additional 2,011 shares in the last quarter. Russell Investments Group Ltd. raised its position in Futu by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 13,422 shares of the company’s stock worth $727,000 after acquiring an additional 484 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Futu by 3.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,123 shares of the company’s stock worth $602,000 after acquiring an additional 343 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in Futu by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 800 shares of the company’s stock valued at $43,000 after acquiring an additional 400 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Futu by 34.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 42,306 shares of the company’s stock worth $2,293,000 after purchasing an additional 10,900 shares in the last quarter.

Futu Stock Performance

FUTU opened at $89.08 on Monday. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.93 and a beta of 0.75. Futu Holdings Limited has a one year low of $43.61 and a one year high of $130.50. The business’s fifty day moving average is $90.00 and its two-hundred day moving average is $75.15.

Futu (NASDAQ:FUTU) last posted its earnings results on Tuesday, August 20th. The company reported $1.11 earnings per share for the quarter. The firm had revenue of $400.73 million during the quarter. Futu had a net margin of 39.27% and a return on equity of 16.77%. On average, analysts predict that Futu Holdings Limited will post 4.75 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America increased their price target on shares of Futu from $80.20 to $90.00 and gave the company a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.97.

Futu 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.