Geode Capital Management LLC Decreases Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU

Geode Capital Management LLC trimmed its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 621,466 shares of the company’s stock after selling 14,278 shares during the period. Geode Capital Management LLC’s holdings in Futu were worth $100,861,000 as of its most recent filing with the Securities & Exchange Commission.

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

Futu Trading Down 3.6%

Shares of NASDAQ FUTU opened at $92.33 on Friday. The firm has a 50 day moving average of $137.17 and a 200 day moving average of $152.46. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.90 and a beta of 0.40. Futu Holdings Limited Sponsored ADR has a 12-month low of $80.50 and a 12-month high of $202.53.

Futu (NASDAQ:FUTU) last announced its 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 business had revenue of $694.17 million for the quarter, compared to the consensus estimate of $761.35 million. Sell-side analysts predict that Futu Holdings Limited Sponsored ADR will post 10.73 EPS for the current year.

Futu Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were issued a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s payout ratio is currently 28.05%.

Analysts Set New Price Targets

FUTU has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and set a $170.50 price objective on shares of Futu in a report on Thursday, May 28th. Zacks Research cut shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. 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 report on Monday, May 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price objective (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Futu presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Key Stories Impacting Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Bank of America maintained its Buy rating on Futu, which could help support sentiment by signaling that at least one major analyst still sees upside. Bofa Maintains Buy Rating on Futu Holdings (FUTU)
• Positive Sentiment: Futu’s Moomoo platform partnered with Kalshi to expand access to prediction markets, which may broaden product offerings and user engagement over time. Moomoo Partners with Kalshi to Expand Access to Prediction Markets
• Neutral Sentiment: Rosen Law Firm and other plaintiff firms launched investigations into possible securities-law claims, alleging Futu may have issued misleading business information; these announcements add legal overhang but do not yet confirm wrongdoing. ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Futu Holdings Limited Investors to Inquire About Securities Class Action Investigation – FUTU
• Neutral Sentiment: Bragar Eagel & Squire also said it is investigating Futu on behalf of stockholders, increasing headline risk and potential distraction for management. FUTU HOLDINGS (NASDAQ:FUTU) ALERT: Bragar Eagel & Squire, P.C. is Investigating Futu Holdings Limited on Behalf of Futu Stockholders and Encourages Investors to Contact the Firm
• Negative Sentiment: Futu was added to Zacks’ Strong Sell list, which can reinforce bearish momentum and signal weakening near-term fundamentals or sentiment. New Strong Sell Stocks for June 4th
• Negative Sentiment: Reports that Futu will suspend buy orders and prevent some Chinese mainland investors from adding new positions suggest regulatory or compliance-related pressure on its core user base, which could weigh on growth. Futu to Suspend Buy Orders for Stocks/ Others, Starting Next Fri
• Negative Sentiment: Additional coverage said Futu is halting deposit and buying services for Chinese mainland accounts, adding concern that the company may face tighter operating restrictions in an important market. Futu Follows Tiger Brokers, Longbridge in Halting Deposit, Buying Services for Chinese Mainland Accounts

Futu 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.