Hsbc Holdings PLC Sells 268,211 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Hsbc Holdings PLC trimmed its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 46.4% in the 4th quarter, HoldingsChannel reports. The firm owned 310,032 shares of the company’s stock after selling 268,211 shares during the period. Hsbc Holdings PLC’s holdings in Futu were worth $50,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Aspex Management HK Ltd increased its position in Futu by 37.5% in the fourth quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock worth $553,650,000 after buying an additional 919,724 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Futu by 7.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company’s stock valued at $288,720,000 after buying an additional 116,143 shares in the last quarter. State Street Corp grew its stake in shares of Futu by 18.4% during the 2nd quarter. State Street Corp now owns 1,212,481 shares of the company’s stock valued at $149,851,000 after acquiring an additional 188,840 shares during the period. Greenwoods Asset Management Hong Kong Ltd. grew its stake in shares of Futu by 14.0% during 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 acquiring an additional 139,473 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 worth $195,933,000 after acquiring an additional 1,002,171 shares in the last quarter.

Trending Headlines about Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: One analyst-style article argued that FUTU still looks undervalued, with upside driven by stronger-than-appreciated enterprise services and ECM growth, and said the market may be underestimating future revenue and earnings. Article Title
• Positive Sentiment: Moomoo, Futu’s platform, launched “Moomoo Engine,” a product update that bundles research, options, and technical tools into one system, while Moomoo Canada also expanded its presence with a new flagship store. These are modestly supportive for user growth and brand visibility. Article Title
• Neutral Sentiment: Several articles repeated the same securities class action and deadline reminders, so the news flow itself is largely duplicative but reinforces the legal overhang on the stock. Article Title
• Negative Sentiment: Multiple law firms highlighted a class action accusing Futu of securities fraud, misrepresentations, and undisclosed regulatory compliance failures, which could increase litigation risk and keep sentiment weak. Article Title
• Negative Sentiment: Reports that the U.S. SEC is probing alleged insider trading involving Futu and Tiger Brokers add another regulatory concern and may weigh on investor confidence. Article Title

Futu Stock Performance

Shares of NASDAQ FUTU opened at $95.04 on Monday. The company has a market cap of $13.32 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.11 and a beta of 0.39. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The firm’s fifty day moving average is $115.47 and its two-hundred day moving average is $142.15.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data 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 firm had revenue of $694.17 million for the quarter, compared to analysts’ expectations of $761.35 million. As a group, analysts forecast that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FUTU has been the topic of several recent analyst reports. Zacks Research downgraded shares of Futu from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. The Goldman Sachs Group downgraded shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a report on Monday, May 25th. Barclays decreased their price target on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Futu currently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

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.