Aspex Management HK Ltd Sells 941,434 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Key Points

• Aspex Management HK Ltd sold 941,434 shares of Futu in Q3, cutting its stake by 27.7% to 2,451,873 shares (about 1.76% of the company) worth roughly $426.4 million, with Futu making up 9.0% of Aspex’s portfolio as its third-largest holding.
• Futu beat Q4 expectations with EPS of $3.07 and revenue of $827.15M (net margin ~49.6%), and management set an aggressive growth agenda to add 800,000 new funded accounts in 2026 while expanding AI and crypto capabilities.
• Institutional interest remains strong—several large investors (Arrowstreet, State Street, Bank of America, Capital International) increased positions and AGF opened a new stake—and analysts are broadly positive, with Goldman Sachs upgrading to Buy, Barclays raising its target to $236, and a consensus "Buy" price target around $205.06.

Aspex Management HK Ltd cut its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 27.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,451,873 shares of the company's stock after selling 941,434 shares during the quarter. Futu makes up 9.0% of Aspex Management HK Ltd's portfolio, making the stock its 3rd largest holding. Aspex Management HK Ltd owned about 1.76% of Futu worth $426,405,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FUTU. Arrowstreet Capital Limited Partnership lifted its holdings in Futu by 7.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company's stock worth $288,720,000 after buying an additional 116,143 shares in the last quarter. State Street Corp grew its holdings in shares of Futu by 18.4% in the 2nd quarter. State Street Corp now owns 1,212,481 shares of the company's stock valued at $149,851,000 after buying an additional 188,840 shares during the period. Bank of America Corp DE increased its position in shares of Futu by 34.4% in the 2nd quarter. Bank of America Corp DE now owns 1,006,656 shares of the company's stock valued at $124,413,000 after buying an additional 257,389 shares in the last quarter. Capital International Investors raised its position in shares of Futu by 36.2% during the third quarter. Capital International Investors now owns 932,095 shares of the company's stock worth $162,101,000 after purchasing an additional 247,824 shares during the period. Finally, AGF Management Ltd. acquired a new stake in shares of Futu during the third quarter worth about $149,432,000.

Futu Price Performance

Shares of Futu stock opened at $141.14 on Friday. The company's 50 day moving average price is $158.98 and its two-hundred day moving average price is $168.91. The firm has a market capitalization of $19.64 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.36 and a beta of 0.38. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $70.60 and a fifty-two week high of $202.53.

Futu (NASDAQ:FUTU - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $3.07 EPS for the quarter, beating analysts' consensus estimates of $3.06 by $0.01. Futu had a return on equity of 33.92% and a net margin of 49.63%.The company had revenue of $827.15 million during the quarter, compared to analysts' expectations of $788.73 million. On average, analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current year.

Key Headlines Impacting Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Q4 results beat expectations: EPS rose 79% year‑over‑year and revenue jumped ~45%, driven by higher brokerage commissions, rising interest income and record trading volume — a strong operating print that supports forward profitability. FUTU Q4 Revenues Beat Estimates, Earnings Rise 79% Year Over Year
• Positive Sentiment: Management highlighted record revenue and strategic growth initiatives on the earnings call, emphasizing product and geographic expansion that could sustain client and revenue growth. Futu Holdings Ltd (FUTU) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic Growth ...
• Positive Sentiment: Management set an aggressive target to add 800,000 new funded accounts in 2026 and plans to expand AI and crypto capabilities — a clear growth agenda that could drive GAAP and fee-related revenue over time. Futu targets 800,000 new funded accounts in 2026 while expanding AI and crypto capabilities
• Neutral Sentiment: Company filed unaudited Q4 and full‑year 2025 results and released the earnings-call transcript; these provide detail but contained no material downward revision to outlook. Investors can dig into the transcript for margin and segment detail. Futu Announces Fourth Quarter and Full Year 2025 Unaudited Financial Results
• Neutral Sentiment: Analyst/commentary pieces highlight upside potential based on funded-account growth and product differentiation, but they note crypto and R&D investments may cause near-term volatility. Why Futu Has Strong Upside For 2026
• Negative Sentiment: Investor concern: depreciation of Hong Kong stock holdings reduced reported client assets, which can trigger negative headlines and weigh on sentiment even though core revenue beat — this likely contributed to near‑term selling pressure. Futu trades lower as depreciation of Hong Kong stock holdings weighs on client assets

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on Futu from $232.00 to $236.00 and gave the company an "overweight" rating in a research report on Thursday, November 20th. The Goldman Sachs Group upgraded shares of Futu from a "neutral" rating to a "buy" rating and set a $213.39 price objective on the stock in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Futu in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $205.06.

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.

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