130,977 Shares in Futu Holdings Limited Sponsored ADR $FUTU Acquired by Norges Bank

Norges Bank purchased a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the 4th quarter, HoldingsChannel reports. The firm purchased 130,977 shares of the company’s stock, valued at approximately $21,508,000.

Several other hedge funds have also made changes to their positions in FUTU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Futu by 805.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock worth $195,933,000 after purchasing an additional 1,002,171 shares during the last quarter. Tredje AP fonden raised its stake in Futu by 3,579.1% during the 3rd quarter. Tredje AP fonden now owns 688,000 shares of the company’s stock valued at $119,650,000 after acquiring an additional 669,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Futu by 25,558,100.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 511,164 shares of the company’s stock valued at $83,938,000 after acquiring an additional 511,162 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new stake in Futu during the 3rd quarter valued at $64,250,000. Finally, Moore Capital Management LP bought a new stake in Futu during the 3rd quarter valued at $53,411,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FUTU. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Barclays cut their target price on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Trending Headlines about Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Barclays reiterated a Buy rating on Futu Holdings Limited (FUTU), which may help support sentiment despite the broader negative news flow. Futu Holdings (FUTU) Receives a Buy from Barclays
• Neutral Sentiment: Short interest in Futu rose sharply in May, showing that bearish bets increased materially; while not a direct catalyst, it signals growing skepticism and can add volatility.
• Negative Sentiment: Japan’s watchdog reportedly seeks penalties against Futu’s Moomoo unit, adding a fresh regulatory overhang and heightening investor concern about operations in a key market. Japan Watchdog Seeks Penalties Against Futu’s Moomoo Unit
• Negative Sentiment: Multiple law firms, including Rosen, Kirby McInerney, Kahn Swick & Foti, and Schall, announced securities investigations tied to alleged misleading business information, increasing litigation risk for Futu Holdings Limited (FUTU). Futu Investor News: If You Have Suffered Losses in Futu Holdings Limited (NASDAQ: FUTU)…

Futu Stock Up 0.3%

Shares of NASDAQ FUTU opened at $91.31 on Wednesday. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.07 and a beta of 0.40. The stock’s fifty day simple moving average is $135.41 and its 200 day simple moving average is $151.28. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53.

Futu (NASDAQ:FUTU) last issued its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The company had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. As a group, analysts anticipate that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current year.

Futu Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were given a $2.60 dividend. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio (DPR) is 28.05%.

Futu Company Profile

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.