Amova Asset Management Americas Inc. Has $24.91 Million Stake in Futu Holdings Limited Sponsored ADR $FUTU

Amova Asset Management Americas Inc. lowered its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,067 shares of the company’s stock after selling 6,640 shares during the period. Amova Asset Management Americas Inc. owned approximately 0.13% of Futu worth $24,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FUTU. WCM Investment Management LLC increased its stake in shares of Futu by 116.0% in the 1st quarter. WCM Investment Management LLC now owns 2,816 shares of the company’s stock valued at $370,000 after acquiring an additional 1,512 shares during the last quarter. SEB Asset Management AB bought a new position in Futu during the 1st quarter worth approximately $1,110,000. Jennison Associates LLC grew its holdings in Futu by 31.1% during the first quarter. Jennison Associates LLC now owns 211,509 shares of the company’s stock valued at $28,926,000 after purchasing an additional 50,229 shares during the period. Dorsey Wright & Associates grew its holdings in Futu by 40.7% during the first quarter. Dorsey Wright & Associates now owns 14,768 shares of the company’s stock valued at $2,020,000 after purchasing an additional 4,274 shares during the period. Finally, Barings LLC increased its stake in Futu by 3,576.6% in the first quarter. Barings LLC now owns 58,054 shares of the company’s stock valued at $7,939,000 after purchasing an additional 56,475 shares in the last quarter.

Futu Stock Performance

NASDAQ:FUTU opened at $98.28 on Tuesday. The stock has a 50-day simple moving average of $102.96 and a 200 day simple moving average of $136.92. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The company has a market cap of $13.78 billion, a PE ratio of 10.81, a PEG ratio of 1.12 and a beta of 0.39.

Futu (NASDAQ:FUTU) last released 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 net margin of 41.87% and a return on equity of 26.48%. The firm had revenue of $694.17 million during the quarter, compared to the consensus estimate of $761.35 million. On average, research analysts predict that Futu Holdings Limited Sponsored ADR will post 8.95 earnings per share for the current fiscal year.

Key Stories Impacting Futu

Here are the key news stories impacting Futu this week:

• Negative Sentiment: Multiple law firms, including Rosen, Faruqi & Faruqi, Kahn Swick & Foti, Glancy Prongay Wolke & Rotter, Kaplan Fox, Bronstein Gewirtz & Grossman, Levi & Korsinsky, and Berger Montague, all issued notices reminding shareholders about an August 25, 2026 lead-plaintiff deadline in a filed securities class action against Futu. Article Title
• Negative Sentiment: The lawsuits allege investor harm tied to undisclosed regulatory compliance failures and other securities-law violations, which can weigh on sentiment and raise concerns about potential legal costs, damages, and reputational damage for Futu. Article Title
• Neutral Sentiment: The news mostly consists of repetitive legal notices rather than new operational disclosures, so the immediate stock impact is driven more by headline risk than by fresh fundamental information. Article Title

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FUTU. Zacks Research cut shares of Futu from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. Jefferies Financial Group restated a “buy” rating and issued a $170.50 price objective on shares of Futu in a research report on Thursday, May 28th. The Goldman Sachs Group downgraded 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. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a report on Friday, May 22nd. Finally, Wall Street Zen cut Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.80.

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.