Futu stock is trading -24.65% below its average target price of $68.61 after dropping -5.9% during today's evening session. Analysts are giving the mid-cap Capital Markets company an average rating of buy and target prices ranging from $40.01 to $90.03 per share.
The stock has an average amount of shares sold short at 7.4%, and a short ratio of 3.64. Since 16.41% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 39.6% of Futu's shares being owned by this investor type.
Institutions Invested in Futu
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Goldman Sachs Group Inc | 4% | 3,748,275 | $193,785,820 |
| 2023-09-30 | Blackrock Inc. | 3% | 2,701,224 | $139,653,282 |
| 2023-09-30 | Aspex Management (HK) Ltd | 3% | 2,647,181 | $136,859,259 |
| 2023-09-30 | Morgan Stanley | 3% | 2,454,664 | $126,906,130 |
| 2023-09-30 | Greenwoods Asset Management Hong Kong Ltd. | 2% | 1,502,767 | $77,693,055 |
| 2023-09-30 | Acadian Asset Management. LLC | 1% | 1,277,439 | $66,043,597 |
| 2023-09-30 | State Street Corporation | 1% | 1,130,491 | $58,446,385 |
| 2023-09-30 | General Atlantic, L.P. | 1% | 1,107,327 | $57,248,806 |
| 2023-09-30 | HSG Holding Ltd. | 1% | 1,057,644 | $54,680,195 |
| 2023-09-30 | Marshall Wace LLP | 1% | 934,109 | $48,293,436 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Futu.
