On March 28, 2023 at 10:28:39 ET an unusually large
$787.25K block of Call contracts in Futu Holdings
(FUTU) was bought,
with a strike price of $45.00 / share, expiring in 31 days (on April 28, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 4.68 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in FUTU options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 26.01% Upside
As of March 28, 2023,
the average one-year price target for Futu Holdings is $62.13.
The forecasts range from a low of $27.27 to a high of $102.90.
The average price target represents an increase of 26.01% from its latest reported closing price of $49.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Futu Holdings
is $8,845MM, an increase of 30.65%.
The projected annual non-GAAP EPS
is $26.04.
What is the Fund Sentiment?
There are 350 funds or institutions reporting positions in Futu Holdings.
This is an increase
of
32
owner(s) or 10.06% in the last quarter.
Average portfolio weight of all funds dedicated to FUTU is 0.32%,
a decrease
of 45.97%.
Total shares owned by institutions increased
in the last three months by 2.64% to 36,128K shares.
The put/call ratio of FUTU is 1.44, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Aspex Management
holds 3,050K shares
representing 2.19% ownership of the company.
In it’s prior filing, the firm reported owning 4,160K shares, representing
a decrease
of 36.38%.
The firm
decreased
its portfolio allocation in FUTU by 25.23% over the last quarter.
Capital Research Global Investors
holds 2,497K shares
representing 1.79% ownership of the company.
In it’s prior filing, the firm reported owning 3,778K shares, representing
a decrease
of 51.31%.
The firm
decreased
its portfolio allocation in FUTU by 33.73% over the last quarter.
AEPGX – EUROPACIFIC GROWTH FUND
holds 2,077K shares
representing 1.49% ownership of the company.
In it’s prior filing, the firm reported owning 3,180K shares, representing
a decrease
of 53.12%.
The firm
decreased
its portfolio allocation in FUTU by 34.91% over the last quarter.
Renaissance Technologies
holds 1,698K shares
representing 1.22% ownership of the company.
In it’s prior filing, the firm reported owning 190K shares, representing
an increase
of 88.79%.
The firm
increased
its portfolio allocation in FUTU by 840.09% over the last quarter.
Baillie Gifford &
holds 1,119K shares
representing 0.80% ownership of the company.
In it’s prior filing, the firm reported owning 1,125K shares, representing
a decrease
of 0.52%.
The firm
decreased
its portfolio allocation in FUTU by 57.83% over the last quarter.
Futu Holdings Background Information
(This description is provided by the company.)
Futu Holdings Limited is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
