656,863 Shares in Futu Holdings Limited Sponsored ADR $FUTU Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 656,863 Futu shares worth approximately $61.6 million, giving it a 0.47% stake; other institutional investors also adjusted their positions.
• Futu shares opened at $109.02, while the company’s latest quarterly results missed expectations, reporting $0.77 in EPS versus the $2.89 consensus and revenue of $694.17 million versus $761.35 million expected.
• Analyst sentiment remains mixed but leans positive, with a “Moderate Buy” consensus and a $162.80 average price target; investors are also watching Futu’s August 20 results and securities-fraud allegations tied to alleged regulatory-compliance disclosures.

Assenagon Asset Management S.A. purchased a new position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 656,863 shares of the company's stock, valued at approximately $61,574,000. Assenagon Asset Management S.A. owned about 0.47% of Futu as of its most recent SEC filing.

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

Futu Stock Up 4.3%

Shares of NASDAQ FUTU opened at $109.02 on Friday. The business's 50 day moving average price is $98.91 and its two-hundred day moving average price is $130.13. The company 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. Futu Holdings Limited Sponsored ADR has a twelve month low of $80.50 and a twelve month high of $202.53.

• Futu Holdings NASDAQ: FUTU Stock: Is the Chinese Fintech Company a Buy?

Futu (NASDAQ:FUTU - Get Free Report) last issued its 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). Futu had a return on equity of 26.48% and a net margin of 41.87%.The business had revenue of $694.17 million for the quarter, compared to the consensus estimate of $761.35 million. As a group, research analysts anticipate that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on FUTU. Jefferies Financial Group reissued a "buy" rating and issued a $170.50 price target on shares of Futu in a research note on Thursday, May 28th. Zacks Research upgraded Futu from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Wall Street Zen downgraded Futu from a "hold" rating to a "sell" rating in a research report on Saturday, May 30th. The Goldman Sachs Group cut shares of Futu from a "buy" rating to a "neutral" rating and set a $102.13 price target for the company. in a research note on Monday, May 25th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

Key Futu News

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

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.

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