Futu (NASDAQ:FUTU) Raised to Hold at Wall Street Zen

Futu (NASDAQ:FUTU) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also recently commented on FUTU. Zacks Research upgraded Futu from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Jefferies Financial Group reissued a “buy” rating and issued a $170.50 price target on shares of Futu in a research note on Thursday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Finally, The Goldman Sachs Group cut shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price objective for the company. in a research report on Monday, May 25th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $139.91.

Futu Price Performance

NASDAQ:FUTU opened at $123.64 on Friday. Futu has a 52 week low of $80.50 and a 52 week high of $202.53. The stock’s 50-day moving average price is $101.61 and its 200-day moving average price is $125.96. The stock has a market capitalization of $17.33 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.44 and a beta of 0.43.

Futu (NASDAQ:FUTU) last released its quarterly earnings results on Thursday, August 20th. The company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.35. The company had revenue of $852.66 million during the quarter, compared to analysts’ expectations of $786.07 million. Futu had a return on equity of 28.20% and a net margin of 42.95%. Sell-side analysts expect that Futu will post 9.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Futu

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 valued at $195,933,000 after purchasing an additional 1,002,171 shares during the last quarter. Aspex Management HK Ltd grew its stake in shares of Futu by 37.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock valued at $553,650,000 after buying an additional 919,724 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Futu during the 2nd quarter worth approximately $61,574,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 buying an additional 511,162 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Futu by 166.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 455,266 shares of the company’s stock valued at $56,266,000 after buying an additional 284,387 shares during the period.

Key Stories Impacting Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Strong earnings beat: Futu reported quarterly earnings of $3.33 per share, above the $2.98 consensus estimate, while revenue of $852.66 million exceeded expectations of $786.07 million. The results were supported by record trading activity, and reports indicated quarterly profit rose 42%. Futu Announces Second Quarter 2026 Unaudited Financial Results
• Positive Sentiment: Healthy profitability and operating momentum: Futu reported a 41.87% net margin and 26.48% return on equity. The earnings beat and strong trading-volume growth appear to be the primary reasons investor sentiment improved.
• Neutral Sentiment: Trading reaction: Futu’s stock added roughly $800 million in market value during the session as investors responded to the results, but the shares remain below their 200-day moving average and well under their 52-week high, indicating continued volatility. Futu Holdings Surges, Adding Market Value
• Negative Sentiment: Legal risk remains prominent: Multiple law firms reminded investors of an August 25 deadline to seek lead-plaintiff status in a securities class action covering purchases from May 24, 2023, through May 27, 2026. The complaints allege undisclosed regulatory-compliance failures and misleading disclosures related to Chinese regulatory issues, including an alleged RMB1.85 billion penalty. These are allegations, not established findings, but they could create litigation costs, reputational damage and uncertainty over future operations. Futu Securities Fraud Lawsuit Deadline Alert

About Futu

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.