Futu Holdings has repurchased approximately $290 million in ADSs under its ongoing $800 million buyback program.
Quiver AI Summary
Futu Holdings Limited has announced that it has repurchased approximately US$290 million worth of its American depositary shares (ADSs) under its share repurchase program, which allows for up to US$800 million in repurchases until December 31, 2027. The repurchases are subject to market conditions, and the company aims to continue these activities intermittently. Futu, listed on Nasdaq, offers advanced financial services through its digital platforms Futubull and Moomoo, which include investment services, margin financing, and wealth management, while also providing corporate services.
Potential Positives
- Futu Holdings has successfully repurchased approximately US$290 million worth of its American depositary shares, demonstrating a strong commitment to returning value to shareholders.
- The share repurchase program, which has a total authorization of up to US$800 million, signals the company's financial confidence and potential growth outlook.
- The continued possibility of share repurchases indicates that Futu is prepared to take advantage of market conditions to enhance shareholder value further.
- The announcement highlights Futu's innovative position in the market as a technology-driven company providing a comprehensive suite of digital financial services.
Potential Negatives
- The company's share repurchase program indicates a potential lack of confidence in its current stock price, suggesting that management may believe the shares are undervalued.
- Of the US$800 million authorized for repurchase, only US$290 million has been utilized to date, reflecting a slower pace of buybacks which may disappoint investors expecting more aggressive capital return measures.
- The reliance on forward-looking statements may raise concerns regarding the company's future performance, as such statements come with inherent risks and uncertainties that could affect investor sentiment.
FAQ
What is the total amount Futu has repurchased under its share buyback program?
As of this announcement, Futu has repurchased approximately US$290 million worth of its American depositary shares.
What is the limit of Futu's share repurchase program?
Futu's share repurchase program allows for up to US$800 million worth of ADSs to be repurchased until December 31, 2027.
What services does Futu Holdings Limited provide?
Futu offers fully digitalized financial services, including trade execution, margin financing, wealth management, and corporate services.
How does Futu enhance user connectivity?
Futu embeds social media tools within its platforms, creating a network that connects users, investors, and analysts.
Where can investors find more information about Futu?
Investors can contact Futu’s Investor Relations at [email protected] for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FUTU Hedge Fund Activity
We have seen 188 institutional investors add shares of $FUTU stock to their portfolio, and 254 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITIGROUP INC added 1,749,640 shares (+1047.3%) to their portfolio in Q1 2026, for an estimated $239,280,766
- FMR LLC removed 1,408,179 shares (-40.4%) from their portfolio in Q1 2026, for an estimated $192,582,560
- BLACKROCK, INC. removed 1,217,192 shares (-27.1%) from their portfolio in Q1 2026, for an estimated $166,463,177
- ASPEX MANAGEMENT (HK) LTD added 1,201,149 shares (+35.6%) to their portfolio in Q1 2026, for an estimated $164,269,137
- GOLDMAN SACHS GROUP INC added 900,994 shares (+199.3%) to their portfolio in Q1 2026, for an estimated $123,219,939
- AGF MANAGEMENT LTD removed 843,734 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $115,389,061
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 779,439 shares (-57.1%) from their portfolio in Q1 2026, for an estimated $106,596,077
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$FUTU Price Targets
Multiple analysts have issued price targets for $FUTU recently. We have seen 2 analysts offer price targets for $FUTU in the last 6 months, with a median target of $150.0.
Here are some recent targets:
- Katherine Lei from JP Morgan set a target price of $100.0 on 05/26/2026
- Jiong Shao from Barclays set a target price of $200.0 on 03/16/2026
Full Release
HONG KONG, May 27, 2026 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (Nasdaq: Futu), today announced that as of this announcement, the cumulative repurchases under its share repurchase program have reached approximately US$290 million worth of its American depositary shares ("ADSs"), representing its Class A ordinary shares. The repurchases were conducted under the Company’s share repurchase program previously announced on November 18, 2025, under which the Company may repurchase up to US$800 million worth of ADSs for a period ending December 31, 2027. Subject to market conditions, the Company may continue to execute repurchases from time to time under the existing share repurchase program.
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 platforms, Futubull and Moomoo , the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Futu's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Contact
Investor Relations
Futu Holdings Limited
[email protected]
