Futu Holdings Limited Sponsored ADR $FUTU Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd decreased its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 23.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,879 shares of the company’s stock after selling 5,718 shares during the period. Mediolanum International Funds Ltd’s holdings in Futu were worth $2,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of Futu in the 1st quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Futu during the 1st quarter valued at about $27,000. Rockefeller Capital Management L.P. raised its stake in Futu by 59.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock worth $37,000 after acquiring an additional 84 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Futu during the fourth quarter worth about $49,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Futu by 30,000.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 301 shares of the company’s stock worth $49,000 after acquiring an additional 300 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Jefferies Financial Group reissued a “buy” rating and issued a $170.50 price target on shares of Futu in a report on Thursday, May 28th. JPMorgan Chase & Co. restated 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 downgraded Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group lowered 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.80.

Futu Trading Up 5.5%

NASDAQ FUTU opened at $103.66 on Wednesday. The company has a 50-day moving average price of $102.30 and a two-hundred day moving average price of $136.50. Futu Holdings Limited Sponsored ADR has a 52 week low of $80.50 and a 52 week high of $202.53. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.15 and a beta of 0.39.

Futu (NASDAQ:FUTU) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($2.12). Futu had a net margin of 41.87% and a return on equity of 26.48%. The business had revenue of $694.17 million for the quarter, compared to the consensus estimate of $761.35 million. As a group, equities research analysts expect that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current fiscal year.

Futu News Summary

Here are the key news stories impacting Futu this week:

• Negative Sentiment: Multiple law firms, including Pomerantz, Bronstein Gewirtz & Grossman, Schall, Rosen, Robbins, Kaplan Fox, Glancy Prongay Wolke & Rotter, Levi & Korsinsky, Berger Montague, and others, announced or reiterated class-action claims against Futu Holdings over alleged securities law violations during the May 24, 2023 to May 27, 2026 period, with lead-plaintiff deadlines clustered around August 25, 2026. Article Title
• Negative Sentiment: One allegation highlighted in the notices is that Futu may have made generic CSRC-compliance risk disclosures while allegedly operating without required licenses and facing a RMB 1.85 billion penalty, which could raise investor concerns about regulatory and disclosure risk. Article Title
• Neutral Sentiment: The flood of law-firm announcements mainly reflects litigation marketing and case-deadline reminders, but it adds uncertainty and headline risk for the stock until more details emerge. Article Title

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.