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Matthews International Capital Management LLC Grows Stock Holdings in Futu Holdings Limited Sponsored ADR $FUTU
Matthews International Capital Management LLC significantly increased its stake in Futu Holdings Limited (NASDAQ:FUTU) by 214.5% during the fourth quarter, bringing its total holdings to 150,906 shares valued at $24.78 million, making Futu its second-largest position. Futu reported strong financial results, slightly exceeding quarterly EPS expectations and generating $827.2 million in revenue with high profitability and a “Buy” average analyst rating. Other hedge funds also adjusted their positions in FUTU, reflecting varied investor interest in the Hong Kong-based brokerage and wealth management firm.