<div id="readability-page-1"><p>Prudential PLC lessened its holdings in  Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,237 shares of the company's stock after selling 21,478 shares during the quarter. Prudential PLC owned approximately 0.09% of Futu worth $15,107,000 at the end of the most recent reporting period.</p><ul><li>Hong Kong Financial Firm Futu Surges 33.12% Amid Stimulus Hints</li></ul><p>Several other institutional investors also recently modified their holdings of the business. Atlas Capital Advisors Inc. acquired a new position in  Futu in the first quarter valued at approximately $26,000.  Geneos Wealth Management Inc. bought a new stake in shares of  Futu during the 1st quarter valued at $27,000.  LFA Lugano Financial Advisors SA acquired a new position in shares of  Futu in the 2nd quarter valued at $28,000.  Allianz SE bought a new position in shares of  Futu in the 1st quarter worth $30,000.  Finally, Hantz Financial Services Inc. grew its stake in shares of  Futu by 4,116.7% during the second quarter. Hantz Financial Services Inc. now owns 253 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the period. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities analysts have weighed in on FUTU shares. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of Futu in a research note on Wednesday, October 8th. Daiwa Capital Markets began coverage on Futu in a research note on Monday, August 11th. They issued a &#34;buy&#34; rating and a $190.00 price target for the company. Bank of America lifted their price objective on shares of Futu from $172.00 to $200.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday, August 21st. Citigroup upped their target price on shares of Futu from $176.00 to $190.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase &amp; Co. increased their target price on shares of Futu from $200.00 to $270.00 and gave the stock an &#34;overweight&#34; rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Futu  has an average rating of &#34;Buy&#34; and an average price target of $203.00.</p><ul><li>Futu Holdings <span>NASDAQ: FUTU<span></span></span> Stock: Is the Chinese Fintech Company a Buy?</li></ul><p><b>Read Our Latest Analysis on Futu</b></p><h2>Futu Stock Performance</h2><p>NASDAQ FUTU opened at $165.90 on Thursday. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 0.60 and a beta of 0.49. The business has a 50 day simple moving average of $175.47 and a 200 day simple moving average of $152.50. Futu Holdings Limited Sponsored ADR has a 52-week low of $70.60 and a 52-week high of $202.53. </p><p>Futu (NASDAQ:FUTU - Get Free Report) last released its quarterly earnings results on Tuesday, November 18th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.39. Futu had a net margin of 47.11% and a return on equity of 32.19%. The company had revenue of $822.80 million during the quarter, compared to analysts' expectations of $631.51 million.  On average, analysts predict that  Futu Holdings Limited Sponsored ADR will post 4.94 EPS for the current year. </p><h2>Futu Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Futu</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Is Tesla Setting Up for a Year-End Rebound—or a Collapse?</li><li>Options Trading - Understanding  Strike Price</li><li>Applied Materials: Up 40% in 2025 With Room to Run Long-Term</li><li>Basic Materials Stocks Investing</li><li>onsemi Places a $6 Billion Bet on Its Own Stock</li></ul><p><strong>Want to see what other hedge funds are holding FUTU?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RlVUVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RlVUVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Futu Right Now?</h2><p>Before you consider Futu, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.</p><p>While Futu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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FUTU

<p>Prudential PLC reduced its holdings in Futu Holdings Limited by 14.9% in Q2, selling 21,478 shares. Futu's stock surged 33.12% amid stimulus hints. Analysts have mixed ratings, with a consensus "Buy" and an average price target of $203.00. Futu reported strong quarterly earnings, beating estimates with $2.93 EPS and $822.80 million revenue. The stock opened at $165.90, with a market cap of $23.08 billion.</p>

- Prudential PLC reduced its stake in Futu Holdings Limited by 14.9% in Q2, holding 122,237 shares valued at approximately $15.1 million.  
- Several institutional investors also adjusted their positions, with notable new investments from Atlas Capital Advisors and Hantz Financial Services.  
- Futu's stock has received a mix of ratings from analysts, with an average target price of $203.00, and the company reported strong quarterly earnings, exceeding expectations with $2.93 EPS.

Prudential PLC Sells 21,478 Shares of Futu Holdings Limited Sponsored ADR $FUTU