Unusual call option trade in Futu Holdings (FUTU) worth $787.25,000

On March 28, 2023 at 10:28:39 ET, an unusually large block of $787,25,000 of call contracts in Futu Holdings (FUTU) was purchased, with a strike price of $45.00/share , expiring in 31 days (April 28, 2023). Fintel tracks all large option trades, and the premium spent on this trade was 4.68 sigma above the average, placing it in the 100.00 percentile of all recent large trades made on FUTU options. .

This trade was first detected on Fintel’s real-time unusual options trades tool, where unusual options trades are highlighted.

Analyst price forecast suggests 26.01% upside

As of March 28, 2023, the one-year average price target for Futu Holdings was $62.13. The predictions range from a low of $27.27 to a high of $102.90. The average price target represents a 26.01% increase from its last reported closing price of $49.31.

Check out our ranking of companies with the biggest upward price target.

The forecast annual revenue for Futu Holdings is $8,845 million, an increase of 30.65%. Expected non-GAAP annual EPS is $26.04.

What is 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%. The total number of shares held by institutions has increased over the past three months by 2.64% to 36,128,000 shares. FUTU’s put/call ratio is 1.44, indicating a bearish outlook.

What do major shareholders do?

Aspex Management holds 3,050,000 shares representing 2.19% ownership of the company. In its previous filing, the company said it held 4,160,000 shares, representing
a decrease
of 36.38%. The company

decreases

its portfolio allocation in FUTU of 25.23% over the last quarter.

Capital Research Global Investors owns 2,497,000 shares representing 1.79% ownership of the company. In its previous filing, the company said it held 3,778,000 shares, representing
a decrease
of 51.31%. The company

decreases

its portfolio allocation in FUTU of 33.73% during the last quarter.

AEPGX – EUROPACIFIC GROWTH FUND holds 2,077,000 shares representing 1.49% of the company’s capital. In its previous filing, the company said it held 3,180,000 shares, representing
a decrease
of 53.12%. The company

decreases

its portfolio allocation in FUTU of 34.91% over the last quarter.

Renaissance Technologies holds 1,698,000 shares representing 1.22% ownership of the company. In its previous filing, the company said it held 190,000 shares, representing
a raise
of 88.79%. The company

increase

its portfolio allocation in FUTU of 840.09% during the last quarter.

Baillie Gifford & holds 1,119,000 shares representing 0.80% ownership of the company. In its previous filing, the company said it held 1,125,000 shares, representing
a decrease
by 0.52%. The company

decreases

its portfolio allocation in FUTU of 57.83% during the last quarter.

General information about Futu Holdings
(This description is provided by the company.)

Futu Holdings Limited is a cutting-edge technology company transforming the investment experience by offering a fully digitized brokerage and wealth management platform. The company primarily serves the emerging affluent Chinese population, seeking a massive opportunity to facilitate a unique shift in the wealth management industry and create a digital gateway to broader financial services. The Company provides investment services through its proprietary digital platform, Futubull, a highly integrated application accessible via any mobile device, tablet or desktop computer. The Company’s primary fee-generating services include trade execution and margin financing which enable its clients to trade securities, such as stocks, warrants, options, futures and mutual funds. exchange-traded, or ETF, on different markets. Futu enhances the user and customer experience with market data and news, research, as well as powerful analytical tools, providing them with a rich data base to simplify the decision-making process of investment. Futu has also integrated social media tools to create a user-centric network and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

This story originally appeared on Fintel.

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