Nkcfo LLC purchased a new position in UP Fintech Holding Limited (NASDAQ:TIGR – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $323,000.
A number of other large investors have also made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in UP Fintech during the 3rd quarter worth $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of UP Fintech by 66.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after acquiring an additional 81,300 shares during the last quarter. Sparta 24 Ltd. increased its holdings in shares of UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after acquiring an additional 1,675,296 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of UP Fintech in the 3rd quarter valued at approximately $539,000. Finally, Diversify Wealth Management LLC purchased a new stake in UP Fintech during the 4th quarter worth approximately $742,000. 9.03% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on TIGR shares. Citigroup reaffirmed a “sell” rating and issued a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target for the company. Finally, China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a report on Thursday, October 24th.
UP Fintech Stock Up 4.7 %
NASDAQ:TIGR opened at $8.87 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $6.98 and its 200-day moving average price is $5.93. UP Fintech Holding Limited has a 1-year low of $3.10 and a 1-year high of $14.48. The firm has a market capitalization of $1.64 billion, a P/E ratio of 44.35 and a beta of 0.86.
About UP Fintech
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.
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