China Universal Asset Management Co. Ltd. has acquired a new stake worth $3.44 million in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the third quarter. This investment is part of a broader institutional trend, with several other large firms increasing or establishing positions in Futu. The company recently reported strong financial results, beating earnings and revenue expectations, and holds a consensus “Buy” rating from analysts with an average price target of $205.06.
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China Universal Asset Management Co. Ltd. Invests $3.44 Million in Futu Holdings Limited Sponsored ADR $FUTU
China Universal Asset Management Co. Ltd. has acquired a new stake worth $3.44 million in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the third quarter. This investment is part of a broader institutional trend, with several other large firms increasing or establishing positions in Futu. The company recently reported strong financial results, beating earnings and revenue expectations, and holds a consensus “Buy” rating from analysts with an average price target of $205.06.