Futu Holdings Limited Sponsored ADR $FUTU Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd trimmed its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 23.2% during the first quarter, Holdings Channel reports. The institutional investor owned 18,879 shares of the company’s stock after selling 5,718 shares during the period. Mediolanum International Funds Ltd’s holdings in Futu were worth $2,480,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FUTU. AQR Capital Management LLC acquired a new position in shares of Futu during the first quarter valued at approximately $235,000. Jones Financial Companies Lllp lifted its position in Futu by 442.4% in the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after purchasing an additional 522 shares during the period. Goldman Sachs Group Inc. lifted its position in Futu by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock worth $46,997,000 after purchasing an additional 16,255 shares during the period. Geneos Wealth Management Inc. bought a new position in Futu during the 1st quarter valued at $27,000. Finally, American Century Companies Inc. boosted its stake in Futu by 9.2% during the 2nd quarter. American Century Companies Inc. now owns 9,905 shares of the company’s stock valued at $1,224,000 after purchasing an additional 836 shares in the last quarter.

Trending Headlines about Futu

Here are the key news stories impacting Futu this week:

• Negative Sentiment: Multiple law firms, including Pomerantz, Bronstein Gewirtz & Grossman, Schall, Rosen, Robbins, Kaplan Fox, Glancy Prongay Wolke & Rotter, Levi & Korsinsky, Berger Montague, and others, announced or reiterated class-action claims against Futu Holdings over alleged securities law violations during the May 24, 2023 to May 27, 2026 period, with lead-plaintiff deadlines clustered around August 25, 2026. Article Title
• Negative Sentiment: One allegation highlighted in the notices is that Futu may have made generic CSRC-compliance risk disclosures while allegedly operating without required licenses and facing a RMB 1.85 billion penalty, which could raise investor concerns about regulatory and disclosure risk. Article Title
• Neutral Sentiment: The flood of law-firm announcements mainly reflects litigation marketing and case-deadline reminders, but it adds uncertainty and headline risk for the stock until more details emerge. Article Title

Futu Stock Performance

Shares of NASDAQ:FUTU opened at $103.66 on Wednesday. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.15 and a beta of 0.39. Futu Holdings Limited Sponsored ADR has a 1-year low of $80.50 and a 1-year high of $202.53. The company has a 50 day moving average price of $102.30 and a 200 day moving average price of $136.50.

Futu (NASDAQ:FUTU) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($2.12). Futu had a net margin of 41.87% and a return on equity of 26.48%. The company had revenue of $694.17 million during the quarter, compared to the consensus estimate of $761.35 million. On average, sell-side analysts expect that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Analyst Ratings Changes

FUTU has been the topic of several research analyst reports. The Goldman Sachs Group cut Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a research report on Monday, May 25th. Zacks Research cut Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. 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. Wall Street Zen lowered Futu from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $170.50 price target on shares of Futu in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.80.

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.