Capital International Inc. CA Cuts Position in Futu Holdings Limited Sponsored ADR $FUTU

Capital International Inc. CA lessened its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 7.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 210,209 shares of the company’s stock after selling 16,168 shares during the quarter. Capital International Inc. CA’s holdings in Futu were worth $34,518,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Futu during the 1st quarter valued at about $235,000. Jones Financial Companies Lllp increased its holdings in Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock valued at $66,000 after acquiring an additional 522 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Futu by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock valued at $46,997,000 after acquiring an additional 16,255 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Futu during the 1st quarter valued at about $27,000. Finally, American Century Companies Inc. increased its holdings 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 acquiring an additional 836 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Futu from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Barclays dropped their target price on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $170.50 target price on shares of Futu in a report on Thursday, May 28th. One research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Futu Price Performance

Shares of NASDAQ FUTU opened at $92.33 on Friday. The company has a market cap of $12.94 billion, a PE 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. The company has a 50-day simple moving average of $137.17 and a 200-day simple moving average of $152.46.

Futu (NASDAQ:FUTU) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The firm had revenue of $694.17 million for the quarter, compared to analysts’ expectations of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. On average, analysts anticipate 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. Stockholders of record on Thursday, April 16th were issued a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is 28.05%.

Key Futu News

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.