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 |
|---|---|---|---|
| 11/19/2024 | $79.00 → $95.00 | Buy → Neutral | Citigroup |
| 11/18/2024 | $70.00 → $115.00 | Equal-Weight → Overweight | Morgan Stanley |
| 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 |
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
JERSEY CITY, N.J., Nov. 19, 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 Q3 2024 earnings with US$442.3 million in revenues, up 29.6% year-over-year ("YoY"), and US$180 million in non-GAAP adjusted net income, a 20.8% YoY increase. The Company maintained robust growth, with its global users reaching over 24.1 million and paying clients approaching 2.2 million by the end of Q3, representing an increase of 14.4% YoY and 33.1% YoY, respectively. Total client assets accelerated significantly compared to Q2, reaching US$89.2 billion with a ris
HONG KONG, Nov. 19, 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 third quarter ended September 30, 2024. Third Quarter 2024 Operational Highlights Total number of paying clients1 increased 33.1% year-over-year to 2,196,647 as of September 30, 2024.Total number of registered clients2 increased 22.8% year-over-year to 4,284,786 as of September 30, 2024.Total number of users3 increased 14.4% year-over-year to 24.1 million as of September 30, 2024.Total client assets increased 48.1% year-over-year to HK$693.4 billion as of S
JERSEY CITY, NJ., Nov. 12, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo, today announced a virtual event with its partners, featuring topics related to helping investors navigate market volatility with resilient portfolios. Virtually partnering with Cboe Global Markets (Cboe), Wellington Management, Bank of New York Mellon (BNY) and Franklin Templeton, the webinars will provide market insights and perspectives on 2025 investment ideas, how professional fund managers build portfolios and the use of option strategies to hedge risk and manage volatility. This inaugural customer-focused event aims to boost the retail investment community's understanding of volatilit
HONG KONG, Nov. 05, 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 third quarter ended September 30, 2024, before U.S. markets open on November 19, 2024. Futu's management will hold an earnings conference call on Tuesday, November 19, 2024, 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://register.vevent.com/register/BId8704588e6684a3ca9bc030be815ec01. It will automa
JERSEY CITY, N.J., Oct. 23, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo today announced findings of its 2024 options trader survey, completed in collaboration with Cboe Global Markets (Cboe). The survey found that options trading has become more popular than ever as more retail investors have gravitated towards basic options strategies in the past few years. Many are now seeking to expand their trading to include new strategies and products, while some cite a lack of knowledge as the main barrier to options trading – highlighting an opportunity to enhance investor education and drive even greater participation.
In the news release, Moomoo Launches Moomoo NX Desktop Version, issued 24-Sep-2024 by moomoo over PR Newswire, we are advised by the company that the headline should read "Moomoo Launches Moomoo Desktop Version" instead of "Moomoo Launches Moomoo NX Desktop Version"; the 5th paragraph should read "Nowadays, users can download the moomoo desktop version here to experience the new platform and unlock their full trading potential." rather than "Nowadays, users can download the moomoo NX desktop version here to experience the new platform and unlock their full trading potential."; and the photo should be updated rather than as originally issued inadvertently. The complete, corrected release fol
JERSEY CITY, N.J., Sept. 24, 2024 /PRNewswire/ -- The investment and trading platform moomoo has recently launched its redeisgned desktop to better serve U.S. retail investors and help unlock their trading potential. The newly developed, client-driven platform offers customizable multi-monitor layouts with advanced features tailored for investors, including powerful charting and analytical tools. It also enables seamless symbol syncing across tabs and streamlined order placement. With built-in market insights and educational resources, the platform empowers investors to make i
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
Citigroup downgraded Futu Holdings from Buy to Neutral and set a new price target of $95.00 from $79.00 previously
Morgan Stanley upgraded Futu Holdings from Equal-Weight to Overweight and set a new price target of $115.00 from $70.00 previously
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
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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.
JERSEY CITY, N.J., Nov. 19, 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 Q3 2024 earnings with US$442.3 million in revenues, up 29.6% year-over-year ("YoY"), and US$180 million in non-GAAP adjusted net income, a 20.8% YoY increase. The Company maintained robust growth, with its global users reaching over 24.1 million and paying clients approaching 2.2 million by the end of Q3, representing an increase of 14.4% YoY and 33.1% YoY, respectively. Total client assets accelerated significantly compared to Q2, reaching US$89.2 billion with a ris
HONG KONG, Nov. 19, 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 third quarter ended September 30, 2024. Third Quarter 2024 Operational Highlights Total number of paying clients1 increased 33.1% year-over-year to 2,196,647 as of September 30, 2024.Total number of registered clients2 increased 22.8% year-over-year to 4,284,786 as of September 30, 2024.Total number of users3 increased 14.4% year-over-year to 24.1 million as of September 30, 2024.Total client assets increased 48.1% year-over-year to HK$693.4 billion as of S
HONG KONG, Nov. 05, 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 third quarter ended September 30, 2024, before U.S. markets open on November 19, 2024. Futu's management will hold an earnings conference call on Tuesday, November 19, 2024, 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://register.vevent.com/register/BId8704588e6684a3ca9bc030be815ec01. It will automa
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