This morning we watched Futu rise 5.2% to a price of $63.56 per share. The Mid-Cap Capital Markets company is now trading -21.66% below its average target price of $81.13. Analysts have set target prices ranging from $50.63 to $90.63 per share for Futu, and have given the stock an average rating of buy.
Futu has an average level of shares sold short, at 7.7% of its total share float. The stock's short ratio (also called days to cover) is 4.61. Since 16.16% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests.
Institutional investors own 37.1% of Futu's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Futu
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Aspex Management (HK) Ltd | 5% | 4,444,804 | $282,511,748 |
| 2024-06-30 | Morgan Stanley | 4% | 3,701,834 | $235,288,574 |
| 2024-06-30 | Blackrock Inc. | 3% | 2,685,676 | $170,701,570 |
| 2024-06-30 | Greenwoods Asset Management Hong Kong Ltd. | 2% | 2,330,725 | $148,140,884 |
| 2024-06-30 | Marshall Wace LLP | 2% | 1,521,314 | $96,694,719 |
| 2024-06-30 | State Street Corporation | 1% | 1,225,851 | $77,915,091 |
| 2024-06-30 | HSG Holding Ltd. | 1% | 1,057,644 | $67,223,854 |
| 2024-06-30 | Voloridge Investment Management, LLC | 1% | 815,816 | $51,853,266 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 788,100 | $50,091,637 |
| 2024-06-30 | HHLR Advisors, LTD | 1% | 716,089 | $45,514,617 |
