Brokerages Set Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Target Price at $162.80

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $162.8043.

Several equities research analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a research note on Monday, May 25th. Zacks Research downgraded shares of Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Barclays dropped their price objective on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Wall Street Zen cut Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $170.50 target price on shares of Futu in a report on Thursday, May 28th.

Institutional Investors Weigh In On Futu

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Inc. CA purchased a new stake in Futu during the 3rd quarter valued at approximately $39,369,000. Jupiter Asset Management Ltd. increased its holdings in shares of Futu by 3,105.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 60,900 shares of the company’s stock valued at $10,000,000 after purchasing an additional 59,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Futu by 225.8% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 37,648 shares of the company’s stock worth $6,182,000 after purchasing an additional 26,091 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of Futu by 818.0% during the third quarter. Quadrature Capital Ltd now owns 211,407 shares of the company’s stock worth $36,766,000 after purchasing an additional 188,379 shares during the last quarter. Finally, Trivest Advisors Ltd raised its stake in shares of 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 purchasing an additional 13,200 shares during the last quarter.

Key Stories Impacting Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: One article notes that FUTU is trading higher on the session, suggesting some investors are still buying the stock despite the legal headlines.
• Neutral Sentiment: Zacks published a valuation comparison of BFH vs. FUTU, which is informational rather than a direct company-specific development. Article Title
• Negative Sentiment: Multiple law firms, including Rosen, Kessler Topaz, Schall, Glancy Prongay, Faruqi, Berger Montague, and others, announced or promoted a class-action lawsuit alleging securities-law violations tied to FUTU, increasing headline risk for investors.
• Negative Sentiment: One notice specifically cites alleged undisclosed regulatory compliance failures and says FUTU’s shares previously fell sharply after regulatory penalties and fines, reinforcing concerns about potential liability and governance issues.
• Negative Sentiment: A Business Times report says Chinese regulators are closely watching U.S. probes into possible insider trading tied to Futu and Tiger Brokers, adding another regulatory overhang. Article Title

Futu Stock Down 0.4%

FUTU stock opened at $97.75 on Thursday. The business has a 50 day moving average price of $114.35 and a 200 day moving average price of $141.69. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.11 and a beta of 0.39. Futu has a fifty-two week low of $80.50 and a fifty-two week high of $202.53.

Futu (NASDAQ:FUTU) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $2.89 by ($2.12). The company had revenue of $694.17 million during the quarter, compared to analysts’ expectations of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. As a group, sell-side analysts anticipate that Futu will post 8.95 EPS for the current year.

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.