Sumitomo Mitsui Trust Group Inc. Lowers Position in Futu Holdings Limited Sponsored ADR $FUTU

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,794 shares of the company’s stock after selling 9,446 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Futu worth $39,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Futu in the 1st quarter worth approximately $235,000. Jones Financial Companies Lllp raised its stake in Futu by 442.4% in the first quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after buying an additional 522 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Futu by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock worth $46,997,000 after buying an additional 16,255 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Futu during the first quarter worth $27,000. Finally, American Century Companies Inc. lifted its holdings in Futu by 9.2% during the second quarter. American Century Companies Inc. now owns 9,905 shares of the company’s stock worth $1,224,000 after buying an additional 836 shares during the period.

More Futu News

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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FUTU shares. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. JPMorgan Chase & Co. reaffirmed 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. Jefferies Financial Group reiterated a “buy” rating and issued a $170.50 target price on shares of Futu in a research note on Thursday, May 28th. Zacks Research downgraded shares of Futu from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. Finally, Barclays decreased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Futu Stock Performance

Futu stock opened at $96.33 on Monday. The stock has a 50-day moving average of $109.45 and a two-hundred day moving average of $139.78. 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 PE ratio of 10.60, a price-to-earnings-growth ratio of 1.13 and a beta of 0.39.

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 analysts’ consensus estimates of $2.89 by ($2.12). The business had revenue of $694.17 million for the quarter, compared to analysts’ expectations of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. As a group, sell-side analysts predict that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

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.