Amova Asset Management Americas Inc. Sells 35,969 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Amova Asset Management Americas Inc. cut its position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 188,707 shares of the company’s stock after selling 35,969 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Futu were worth $30,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. purchased a new position in Futu in the third quarter valued at about $3,439,000. Capital International Inc. CA bought a new stake in shares of Futu in the third quarter valued at approximately $39,369,000. Candriam S.C.A. increased its holdings in Futu by 165.1% during the 3rd quarter. Candriam S.C.A. now owns 185,747 shares of the company’s stock worth $32,303,000 after acquiring an additional 115,690 shares during the period. Quadrature Capital Ltd increased its holdings in Futu by 818.0% during the 3rd quarter. Quadrature Capital Ltd now owns 211,407 shares of the company’s stock worth $36,766,000 after acquiring an additional 188,379 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Futu by 225.8% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 37,648 shares of the company’s stock worth $6,182,000 after acquiring an additional 26,091 shares during the period.

More Futu News

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Barclays reiterated a Buy rating on Futu Holdings Limited (FUTU), which may help support sentiment despite the broader negative news flow. Futu Holdings (FUTU) Receives a Buy from Barclays
• Neutral Sentiment: Short interest in Futu rose sharply in May, showing that bearish bets increased materially; while not a direct catalyst, it signals growing skepticism and can add volatility.
• Negative Sentiment: Japan’s watchdog reportedly seeks penalties against Futu’s Moomoo unit, adding a fresh regulatory overhang and heightening investor concern about operations in a key market. Japan Watchdog Seeks Penalties Against Futu’s Moomoo Unit
• Negative Sentiment: Multiple law firms, including Rosen, Kirby McInerney, Kahn Swick & Foti, and Schall, announced securities investigations tied to alleged misleading business information, increasing litigation risk for Futu Holdings Limited (FUTU). Futu Investor News: If You Have Suffered Losses in Futu Holdings Limited (NASDAQ: FUTU)…

Futu Trading Up 0.3%

FUTU opened at $91.31 on Wednesday. Futu Holdings Limited Sponsored ADR has a 12-month low of $80.50 and a 12-month high of $202.53. The company’s 50 day moving average is $135.41 and its 200 day moving average is $151.28. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.07 and a beta of 0.40.

Futu (NASDAQ:FUTU) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate 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 predict that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Futu Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were given a dividend of $2.60 per share. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is 28.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays decreased their price target on shares of 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. reissued a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Wall Street Zen cut shares of Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. 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. Finally, Zacks Research cut shares of Futu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.80.

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.