Wall Street Zen upgraded shares of Futu (NASDAQ:FUTU – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.
Several other analysts also recently issued reports on FUTU. Jefferies Financial Group restated 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. reiterated a “neutral” rating and set a $87.00 price objective (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Zacks Research raised Futu from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, The Goldman Sachs Group cut shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a research report on Monday, May 25th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Futu has a consensus rating of “Hold” and a consensus target price of $139.91.
View Our Latest Analysis on Futu
Futu Stock Up 9.7%
Futu (NASDAQ:FUTU – Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.98 by $0.35. The company had revenue of $852.66 million for the quarter, compared to the consensus estimate of $786.07 million. Futu had a return on equity of 28.10% and a net margin of 42.95%. As a group, research analysts expect that Futu will post 9.04 EPS for the current year.
Institutional Trading of Futu
Large investors have recently modified their holdings of the stock. Trivest Advisors Ltd grew its stake in Futu by 2.5% during the fourth quarter. Trivest Advisors Ltd now owns 540,000 shares of the company’s stock worth $88,673,000 after buying an additional 13,200 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Futu by 3,105.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 60,900 shares of the company’s stock valued at $10,000,000 after buying an additional 59,000 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Futu by 44.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 125,264 shares of the company’s stock valued at $20,581,000 after buying an additional 38,499 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Futu by 7.2% during the 1st quarter. Hsbc Holdings PLC now owns 332,501 shares of the company’s stock worth $45,448,000 after acquiring an additional 22,469 shares during the period. Finally, Norges Bank bought a new stake in shares of Futu during the 4th quarter worth approximately $21,508,000.
Key Futu News
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.
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