Futu Holdings Limited Sponsored ADR $FUTU Shares Sold by Prudential PLC

Prudential PLC lessened its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 42.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,258 shares of the company’s stock after selling 44,697 shares during the period. Prudential PLC’s holdings in Futu were worth $10,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FUTU. Geneos Wealth Management Inc. acquired a new position in Futu during the 1st quarter worth about $27,000. Quarry LP purchased a new stake in Futu during the 3rd quarter worth about $51,000. Farther Finance Advisors LLC lifted its stake in Futu by 53.2% during the fourth quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock worth $54,000 after purchasing an additional 115 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Futu during the fourth quarter worth approximately $61,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Futu by 442.4% in the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after buying an additional 522 shares in the last quarter.

Futu Stock Down 3.6%

Shares of NASDAQ:FUTU opened at $92.33 on Friday. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The stock’s fifty day simple moving average is $137.17 and its 200-day simple moving average is $152.46. The company has a market capitalization of $12.94 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.94 and a beta of 0.40.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data 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 analysts’ expectations of $761.35 million. On average, sell-side analysts anticipate that Futu Holdings Limited Sponsored ADR will post 10.73 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. Investors of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio is presently 28.05%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FUTU. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Barclays decreased their price target on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Zacks Research cut Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group cut 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Futu News Roundup

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

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.