Swedbank AB Cuts Position in Futu Holdings Limited Sponsored ADR $FUTU

Swedbank AB reduced its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 69.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,900 shares of the company’s stock after selling 47,100 shares during the quarter. Swedbank AB’s holdings in Futu were worth $2,858,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Futu by 805.2% in the third 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 buying an additional 1,002,171 shares during the period. Aspex Management HK Ltd lifted its position in Futu by 37.5% during the 4th quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock worth $553,650,000 after acquiring an additional 919,724 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Futu by 25,558,100.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 511,164 shares of the company’s stock worth $83,938,000 after acquiring an additional 511,162 shares in the last quarter. Moore Capital Management LP purchased a new position in Futu in the 3rd quarter worth approximately $53,411,000. Finally, BNP Paribas Financial Markets grew its position in Futu by 166.4% in 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 in the last quarter.

Key Stories Impacting 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.

Futu Stock Performance

Shares of Futu stock traded down $0.69 during trading hours on Friday, reaching $96.33. The company’s stock had a trading volume of 709,625 shares, compared to its average volume of 1,612,976. The company’s 50 day simple moving average is $109.45 and its 200 day simple moving average is $139.96. 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 market cap of $13.50 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.13 and a beta of 0.39.

Futu (NASDAQ:FUTU) last announced 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). The company had revenue of $694.17 million for the quarter, compared to analyst estimates of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. On average, sell-side analysts predict that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. Barclays decreased their price objective on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company 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 for the company. in a research note on Monday, May 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 target price on shares of Futu in a research report on Thursday, May 28th. Finally, Zacks Research cut Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.80.

Futu Company 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.