Futu Holdings Limited (FUTU) Sees 52% Boost in Institutional Ownership

Futu Holdings Limited (NASDAQ:FUTU) is among the best low-risk stocks to buy now. In the second quarter, Covea Finance expanded its holdings in the shares of Futu Holdings Limited (NASDAQ:FUTU) by 52.3%. According to a recent disclosure with the SEC, the firm now owns 9,900 shares of the company’s stock after acquiring an additional 3,400 shares. This translates to an ownership of about 0.07% and an investment of approximately $4,821,000.

The company’s financials tell quite a compelling story. Futu Holdings Limited (NASDAQ:FUTU) delivered one- and five-year returns of 144.88% and 520.10%, respectively, while surpassing the market’s averages of 15.06% and 82.75%, respectively. Looking at the bigger picture, the company has a strong business model that is a perfect blend of trading, wealth management, and social investing.

In its latest earnings call, management highlighted its focus on overseas markets, particularly the U.S. As stated by the Chief Financial Officer of Futu Holdings Limited (NASDAQ:FUTU), Yu Chen,

“Our collaborations with Mets in the second quarter bear a very strong fruit in terms of the new client acquisition in the U.S. and also the brand implication further expands to other overseas markets as well.”

Futu Holdings Limited (NASDAQ:FUTU), headquartered in Admiralty, Hong Kong, is a company offering digitized securities brokerage and wealth management product distribution services. Founded in 2007, the company is dedicated to making investing easier.

While we acknowledge the potential of FUTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.