Dymon Asia Capital Singapore PTE. LTD. Acquires Shares of 71,100 UP Fintech Holding Limited (NASDAQ:TIGR)

Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,100 shares of the company’s stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in UP Fintech in the 4th quarter valued at $34,000. GAMMA Investing LLC lifted its position in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after purchasing an additional 3,105 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in shares of UP Fintech during the 4th quarter worth approximately $91,000. Alliance Wealth Advisors LLC UT acquired a new position in UP Fintech in the fourth quarter valued at approximately $92,000. Finally, Truist Financial Corp bought a new position in UP Fintech in the fourth quarter valued at approximately $116,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $5.80 to $9.50 in a research note on Wednesday, March 19th. Bank of America started coverage on shares of UP Fintech in a research note on Monday, March 17th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company.

UP Fintech Stock Down 4.3 %

NASDAQ:TIGR opened at $6.70 on Friday. UP Fintech Holding Limited has a 52-week low of $3.10 and a 52-week high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50-day simple moving average of $7.86 and a 200 day simple moving average of $7.10. The company has a market cap of $1.24 billion, a PE ratio of 33.50 and a beta of 0.65.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $73.60 million.

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.