Trivest Advisors Ltd Has $88.67 Million Stake in Futu Holdings Limited Sponsored ADR $FUTU

Trivest Advisors Ltd raised its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 540,000 shares of the company’s stock after purchasing an additional 13,200 shares during the period. Futu makes up 4.0% of Trivest Advisors Ltd’s investment portfolio, making the stock its 12th biggest holding. Trivest Advisors Ltd’s holdings in Futu were worth $88,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Futu by 7.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company’s stock valued at $288,720,000 after purchasing an additional 116,143 shares during the period. State Street Corp raised its stake in shares of Futu by 18.4% in the 2nd quarter. State Street Corp now owns 1,212,481 shares of the company’s stock valued at $149,851,000 after purchasing an additional 188,840 shares during the period. Greenwoods Asset Management Hong Kong Ltd. raised its stake in shares of Futu by 14.0% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,135,821 shares of the company’s stock valued at $186,513,000 after purchasing an additional 139,473 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Futu by 805.2% in 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 purchasing an additional 1,002,171 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Futu by 34.4% in the 2nd quarter. Bank of America Corp DE now owns 1,006,656 shares of the company’s stock valued at $124,413,000 after purchasing an additional 257,389 shares during the period.

Futu Stock Performance

NASDAQ:FUTU opened at $92.33 on Friday. The stock’s 50-day simple moving average is $137.17 and its 200 day simple moving average is $152.46. The company has a market cap 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 Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53.

Futu (NASDAQ:FUTU) last released its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). The company had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. As a group, equities analysts predict that Futu Holdings Limited Sponsored ADR will post 10.73 earnings per share for the current fiscal year.

Futu Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, April 29th. Investors 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 dividend payout ratio (DPR) is presently 28.05%.

Analyst Ratings Changes

Several analysts have issued reports on FUTU shares. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Barclays lowered their target price on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. The Goldman Sachs Group downgraded Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a research report on Monday, May 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 target price (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.50 target price on shares of Futu in a research report on Thursday, May 28th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Trending Headlines about 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.