Assenagon Asset Management S.A. Purchases New Stake in Futu Holdings Limited Sponsored ADR $FUTU

Assenagon Asset Management S.A. purchased a new position in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 656,863 shares of the company’s stock, valued at approximately $61,574,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FUTU. AQR Capital Management LLC bought a new position in Futu in the 1st quarter valued at approximately $235,000. Jones Financial Companies Lllp raised its holdings in Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after purchasing an additional 522 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Futu by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock valued at $46,997,000 after buying an additional 16,255 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Futu in the 1st quarter valued at about $27,000. Finally, American Century Companies Inc. grew its stake 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 purchasing an additional 836 shares during the period.

Futu Trading Up 4.3%

Shares of NASDAQ:FUTU opened at $109.02 on Friday. Futu Holdings Limited Sponsored ADR has a 1-year low of $80.50 and a 1-year high of $202.53. The stock has a market cap of $15.28 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.23 and a beta of 0.43. The stock’s fifty day simple moving average is $98.91 and its two-hundred day simple moving average is $130.13.

Futu (NASDAQ:FUTU) last released its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($2.12). The business had revenue of $694.17 million during the quarter, compared to the consensus estimate of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. On average, sell-side analysts forecast that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current fiscal year.

Trending Headlines about Futu

Here are the key news stories impacting Futu this week:

• Neutral Sentiment: Futu announced that it will release second-quarter 2026 results before U.S. markets open on August 20. Investors will focus on client growth, trading activity, assets, regulatory costs and whether earnings recover from the prior quarter’s reported $0.77 per-share result versus the $2.89 consensus estimate. Futu Second-Quarter 2026 Earnings Announcement
• Negative Sentiment: Multiple law firms publicized an existing securities-fraud class action against Futu and reminded investors of an August 25 deadline to seek lead-plaintiff status. The repeated notices do not represent separate lawsuits, but they increase visibility around the allegations and may weigh on investor sentiment. Futu Securities Fraud Class Action Notice
• Negative Sentiment: The allegations center on claims that Futu failed to disclose regulatory-compliance problems, including an allegedly looming RMB 1.85 billion China Securities Regulatory Commission penalty, while promoting strong client growth and revenue. The lawsuit asserts that these disclosures contributed to an approximately 32% stock decline during the stated May 24, 2023–May 27, 2026 class period; the claims remain allegations and have not been proven. Futu Alleged Regulatory Compliance Failures

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FUTU. Wall Street Zen lowered shares of Futu from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 price target on shares of Futu in a research note on Thursday, May 28th. Zacks Research raised Futu from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group lowered shares of Futu from a “buy” rating to a “neutral” rating and set a $102.13 price objective on the stock. in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Futu presently has a consensus rating of “Moderate Buy” and a consensus target price 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.