Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. It also offers online wealth management services under the Futu Money Plus brand, which gives access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas. In addition, the company provides initial public offering subscription and employee share option plan solution services to corporate clients under the Futu I&E brand; and services, including trade execution, as well as margin financing and securities lending, which allow its clients to trade securities, such as stocks, ETFs, warrants, options and futures, across different markets. Futu Holdings Limited was founded in 2007 and is headquartered in Hong Kong, Hong Kong.
IPO Year: 2019
Exchange: NASDAQ
Website: futuholdings.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/28/2024 | $62.00 → $92.00 | Neutral → Overweight | JP Morgan |
3/18/2024 | $50.00 → $65.00 | Underperform → Outperform | CLSA |
3/15/2024 | $64.00 → $62.00 | Overweight → Neutral | JP Morgan |
1/17/2024 | $64.00 | Neutral → Overweight | JP Morgan |
1/5/2024 | $67.00 | Neutral → Buy | UBS |
1/4/2024 | $40.00 → $50.00 | Underweight → Equal-Weight | Morgan Stanley |
5/25/2023 | $49.00 | Neutral → Outperform | Credit Suisse |
5/18/2023 | $65.00 → $46.00 | Overweight → Neutral | JP Morgan |
5/18/2023 | $44.00 → $34.00 | Equal-Weight → Underweight | Morgan Stanley |
1/3/2023 | $43.00 | Buy → Underperform | CLSA |
HONG KONG, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings ("S&P") maintained stable outlook on the long-term rating and reaffirmed the Company's long-term issuer credit rating at "BBB-". Futu's securities firm in Hong Kong has a stand-alone credit profile of "bbb". According to S&P, Futu enjoys a strong market position in Hong Kong and is expected to maintain good growth momentum in its overseas business. Additionally, S&P takes the view that Futu will continue to uphold its strong capitalization and robust funding profile to supp
JERSEY CITY, N.J., Aug. 20, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q2 2024 earnings with US$400.7 million in revenues, up 25.9% year-over-year ("YoY"), and US$166.0 million in non-GAAP adjusted net income, an 8.6% YoY increase. The exceptional results demonstrated the Company's continuous growth and its rising recognition among global investors. By the end of Q2, the Company's global users reached 23.3 million, representing an increase of 13.3% YoY. The Company has also reached a milestone of two million paying clients, representing
HONG KONG, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational Highlights Total number of paying clients1 increased 28.8% year-over-year to 2,042,313 as of June 30, 2024.Total number of registered clients2 increased 19.1% year-over-year to 4,045,703 as of June 30, 2024.Total number of users3 increased 13.3% year-over-year to 23.3 million as of June 30, 2024.Total client assets increased 24.3% year-over-year to HK$579.3 billion as of June 30, 2024.Daily
HONG KONG, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on August 20, 2024. Futu's management will hold an earnings conference call on Tuesday, August 20, 2024, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BI800b9bad2caa4efdb3a6e4d57f8dcfe2. It will automa
JERSEY CITY, N.J., July 15, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently completed a 2024 second-quarter U.S. users survey. Similar to last year, moomoo surveyed its users halfway through the year to find out how their investing journey has progressed to-date this year and learn what their expectations for the second half will be. Results showed that the investors in the survey are generally trading more often and gained more profits than at this time last year, but inflation and confidence remain as concerns. With US markets near all-
JERSEY CITY, N.J., July 8, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo, today announced its partnership with TradingView, a charting and trading platform and social network for traders and investors. The parties collaborate on integrated solutions and offerings, including the opportunity for moomoo customers to trade directly from the TradingView platform. With moomoo, investors can access advanced charting tools, technical analytics, and in-depth data. The platform also provides free access to a wide range of investment courses, educational materials, and interactive events that any investor, at any level, can use to expand their investing skills. Users can al
HONG KONG, July 08, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its wholly-owned subsidiary, Futu Securities International (Hong Kong) Limited ("Futu Securities"), has upgraded its Type 1 license to include virtual asset dealing service by Hong Kong Securities and Futures Commission (SFC). This upgrade will enable Futu Securities to provide virtual asset dealing services to both retail and professional investors in Hong Kong. About Futu Holdings Limited Futu Holdings Limited (NASDAQ:FUTU) is an advanced technology company transforming the investing exper
HONG KONG, July 03, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its wealth management business has surpassed $10 billion in assets under management ("AUM"). Futu's wealth management platform offers mutual funds, private funds, bonds and structured notes to clients in Hong Kong and Singapore. In addition, Futu's fully-owned subsidiary, Moomoo Securities Malaysia Sdn. Bhd., has recently received approval for Institutional UTS Adviser ("IUTA") registration from Federation of Investment Managers Malaysia ("FIMM") to distribute wealth management products in Ma
HONG KONG, June 07, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it had completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a Hong Kong licensed virtual bank. Following the investment, Futu has become the second largest beneficial owner holding indirectly 44.11% of Airstar Bank. About Futu Holdings Limited Futu Holdings Limited (NASDAQ:FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platfo
HONG KONG, May 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operational Highlights Total number of paying clients1 increased 23.5% year-over-year to 1,887,270 as of March 31, 2024.Total number of registered clients2 increased 15.4% year-over-year to 3,812,326 as of March 31, 2024.Total number of users3 increased 12.3% year-over-year to 22.5 million as of March 31, 2024.Total client assets increased 11.2% year-over-year to HK$517.9 billion as of March 31, 2024.Dai
HONG KONG, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that Mr. Eric Chi Zhang, a director of the Company, has resigned from the board of directors of the Company due to personal reasons, effective September 14, 2021. Mr. Zhang's resignation did not result from any disagreement with the Company. Mr. Leaf Hua Li, Futu's Chairman and Chief Executive Officer, commented: "On behalf of the board of directors and management team, I would like to thank Mr. Zhang for his valuable services and contributions to the Company and we wish him the best
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Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its wholly-owned subsidiary, Futu Securities International (Hong Kong) Limited ("Futu Securities"), has upgraded its Type 1 license to include virtual asset dealing service by Hong Kong Securities and Futures Commission (SFC). This upgrade will enable Futu Securities to provide virtual asset dealing services to both retail and professional investors in Hong Kong.
Futu Holdings Limited (NASDAQ:FUTU) stock is trading higher on Wednesday, thanks to Alibaba Group Holding Limited (NYSE:BABA) leading a tech rally in Hong Kong. The online brokerage and wealth management platform also announced Wednesday that its wealth management business has surpassed $10 billion in assets under management. Futu’s wealth management platform offers mutual funds, private funds, bonds, and structured notes to Hong Kong and Singapore clients. Futu Holdings stock gained 66% in the last 12 months. Investors can gain exposure to the Chinese equity market via iShares China Large-Cap ETF (NYSE:FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB). Pr
B of A Securities analyst Emma Xu maintains Futu Hldgs (NASDAQ:FUTU) with a Buy and raises the price target from $81 to $85.8.
In the last three months, 4 analysts have published ratings on Futu Hldgs (NASDAQ:FUTU), offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $73.58, with a high estimate of $92.00 and a low estimate of $62.00. Marking an increase of 16.3
JP Morgan analyst Katherine Lei upgrades Futu Hldgs (NASDAQ:FUTU) from Neutral to Overweight and raises the price target from $62 to $92.
First Quarter 2024 Operational Highlights Total number of paying clients1 increased 23.5% year-over-year to 1,887,270 as of March 31, 2024. Total number of registered clients2 increased 15.4% year-over-year to 3,812,326 as of March 31, 2024. Total number of users3 increased 12.3% year-over-year to 22.5 million as of March 31, 2024. Total client assets increased 11.2% year-over-year to HK$517.9 billion as of March 31, 2024. Daily average client assets were HK$480.0 billion in the first quarter of 2024, an increase of 6.0% from the same period in 2023. Total trading volume in the first quarter of 2024 increased by 9.5% year-over-year to HK$1.3 trillion, in which trading volume for U.S.
First Quarter 2024 Operational Highlights Total number of paying clients1 increased 23.5% year-over-year to 1,887,270 as of March 31, 2024. Total number of registered clients2 increased 15.4% year-over-year to 3,812,326 as of March 31, 2024. Total number of users3 increased 12.3% year-over-year to 22.5 million as of March 31, 2024. Total client assets increased 11.2% year-over-year to HK$517.9 billion as of March 31, 2024. Daily average client assets were HK$480.0 billion in the first quarter of 2024, an increase of 6.0% from the same period in 2023. Total trading volume in the first quarter of 2024 increased by 9.5% year-over-year to HK$1.3 trillion, in which trading volume for U.S.
First Quarter 2024 Operational Highlights Total number of paying clients1 increased 23.5% year-over-year to 1,887,270 as of March 31, 2024. Total number of registered clients2 increased 15.4% year-over-year to 3,812,326 as of March 31, 2024. Total number of users3 increased 12.3% year-over-year to 22.5 million as of March 31, 2024.
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JP Morgan upgraded Futu Holdings from Neutral to Overweight and set a new price target of $92.00 from $62.00 previously
CLSA upgraded Futu Holdings from Underperform to Outperform and set a new price target of $65.00 from $50.00 previously
JP Morgan downgraded Futu Holdings from Overweight to Neutral and set a new price target of $62.00 from $64.00 previously
JP Morgan upgraded Futu Holdings from Neutral to Overweight and set a new price target of $64.00
UBS upgraded Futu Holdings from Neutral to Buy and set a new price target of $67.00
Morgan Stanley upgraded Futu Holdings from Underweight to Equal-Weight and set a new price target of $50.00 from $40.00 previously
Credit Suisse upgraded Futu Holdings from Neutral to Outperform and set a new price target of $49.00
JP Morgan downgraded Futu Holdings from Overweight to Neutral and set a new price target of $46.00 from $65.00 previously
Morgan Stanley downgraded Futu Holdings from Equal-Weight to Underweight and set a new price target of $34.00 from $44.00 previously
CLSA downgraded Futu Holdings from Buy to Underperform and set a new price target of $43.00
HONG KONG, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational Highlights Total number of paying clients1 increased 28.8% year-over-year to 2,042,313 as of June 30, 2024.Total number of registered clients2 increased 19.1% year-over-year to 4,045,703 as of June 30, 2024.Total number of users3 increased 13.3% year-over-year to 23.3 million as of June 30, 2024.Total client assets increased 24.3% year-over-year to HK$579.3 billion as of June 30, 2024.Daily
HONG KONG, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on August 20, 2024. Futu's management will hold an earnings conference call on Tuesday, August 20, 2024, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BI800b9bad2caa4efdb3a6e4d57f8dcfe2. It will automa
HONG KONG, May 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operational Highlights Total number of paying clients1 increased 23.5% year-over-year to 1,887,270 as of March 31, 2024.Total number of registered clients2 increased 15.4% year-over-year to 3,812,326 as of March 31, 2024.Total number of users3 increased 12.3% year-over-year to 22.5 million as of March 31, 2024.Total client assets increased 11.2% year-over-year to HK$517.9 billion as of March 31, 2024.Dai
HONG KONG, May 15, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on May 28, 2024. Futu's management will hold an earnings conference call on Tuesday, May 28, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BId660c7b39e644d93a175d1316d925493. It will automatically lead to the reg
HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Operational Highlights Total number of paying clients1 increased 15.0% year-over-year to 1,710,106 as of December 31, 2023.Total number of registered clients2 increased 10.2% year-over-year to 3,561,966 as of December 31, 2023.Total number of users3 increased 10.5% year-over-year to 21.6 million as of December 31, 2023.Total client assets increased 16.3% year-over-year
HONG KONG, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on March 14, 2024. Futu's management will hold an earnings conference call on Thursday, March 14, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BI6ca5f071faa5463a85ad66444ee71849. It will autom
HONG KONG, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Operational Highlights Total number of paying clients1 increased 14.2% year-over-year to 1,650,843 as of September 30, 2023.Total number of registered clients2 increased 11.4% year-over-year to 3,490,292 as of September 30, 2023.Total number of users3 increased 10.1% year-over-year to 21.1 million as of September 30, 2023.Total client assets increased 26.6% year-over-year to HK$468.1 billion as
HONG KONG, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the third quarter ended September 30, 2023, before U.S. markets open on November 23, 2023. Futu's management will hold an earnings conference call on Thursday, November 23, 2023, at 7:30 AM U.S. Eastern Time (8:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://s1.c-conf.com/diamondpass/10035048-hdgy7h.html. It will automatically lead to the regi
HONG KONG, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Operational Highlights Total number of paying clients1 increased 14.3% year-over-year to 1,586,001 as of June 30, 2023.Total number of registered clients2 increased 12.4% year-over-year to 3,395,654 as of June 30, 2023.Total number of users3 increased 10.1% year-over-year to 20.5 million as of June 30, 2023.Total client assets increased 7.5% year-over-year to HK$466.2 billion as of June 30, 2023.Daily
HONG KONG, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the second quarter ended June 30, 2023, before U.S. markets open on August 24, 2023. Futu's management will hold an earnings conference call on Thursday, August 24, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the linkhttps://register.vevent.com/register/BIc800f9f81e9441dc89861b258b292dbd. It will automatically lead to t