Candriam S.C.A. decreased its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Free Report) by 17.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,249 shares of the company’s stock after selling 31,797 shares during the period. Candriam S.C.A.’s holdings in Futu were worth $20,822,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of FUTU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Futu by 805.2% during 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 acquiring an additional 1,002,171 shares in the last quarter. Aspex Management HK Ltd increased its stake in shares of Futu by 37.5% in the fourth 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. Northwestern Mutual Wealth Management Co. raised its holdings in Futu by 25,558,100.0% in 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 last quarter. Moore Capital Management LP bought a new stake in Futu during the 3rd quarter worth approximately $53,411,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Futu by 166.4% during the second quarter. BNP Paribas Financial Markets now owns 455,266 shares of the company’s stock valued at $56,266,000 after acquiring an additional 284,387 shares during the last quarter.
Futu Price Performance
NASDAQ FUTU traded down $0.69 during mid-day trading on Friday, reaching $96.33. 709,625 shares of the stock were exchanged, compared to its average volume of 1,612,976. Futu Holdings Limited Sponsored ADR has a one year low of $80.50 and a one year high of $202.53. The stock has a 50 day simple moving average of $109.45 and a 200-day simple moving average of $139.96. The stock has a market cap of $13.50 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.13 and a beta of 0.39.
Trending Headlines about Futu
Here are the key news stories impacting Futu this week:
- Negative Sentiment: Multiple law firms, including Frank R. Cruz, Schall, Faruqi & Faruqi, The Gross Law Firm, Pomerantz, Rosen, ClaimsFiler, SueWallSt, and KSF, issued fresh notices or reminders about a pending class action against Futu, keeping the litigation risk front and center for shareholders. Article Title
- Negative Sentiment: The lawsuit alleges violations of U.S. securities laws and cites a class period from May 24, 2023 through May 27, 2026, with an August 25, 2026 lead-plaintiff deadline, suggesting the legal process could remain a drag on the stock in the near term. Article Title
- Negative Sentiment: One legal notice specifically highlighted alleged regulatory compliance failures and referenced an approximately 32% stock decline, reinforcing concerns that the litigation may be tied to prior operational or disclosure issues. Article Title
- Neutral Sentiment: Short-interest data was updated, but the report showed 0 shares of short interest, offering little new fundamental insight for investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FUTU shares. Barclays lowered their target price on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Zacks Research cut Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. The Goldman Sachs Group lowered Futu from a “buy” rating to a “neutral” rating and set a $102.13 price objective on the stock. in a research note on Monday, May 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $170.50 target price on shares of Futu in a 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Futu currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.
Check Out Our Latest Stock Analysis on Futu
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.
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