Jump Financial LLC Purchases New Stake in UP Fintech Holding Limited (NASDAQ:TIGR)

Jump Financial LLC acquired a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 320,311 shares of the company’s stock, valued at approximately $2,069,000. Jump Financial LLC owned 0.17% of UP Fintech at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of UP Fintech during the 3rd quarter worth about $539,000. Nkcfo LLC acquired a new position in shares of UP Fintech in the fourth quarter valued at approximately $323,000. Diversify Wealth Management LLC bought a new position in shares of UP Fintech during the fourth quarter worth approximately $742,000. Quantbot Technologies LP acquired a new stake in UP Fintech during the 4th quarter worth approximately $213,000. Finally, Atria Investments Inc bought a new stake in UP Fintech in the 4th quarter valued at $321,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

UP Fintech Trading Down 0.2 %

Shares of UP Fintech stock opened at $6.64 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 33.20 and a beta of 0.65. The firm’s 50-day moving average price is $7.79 and its two-hundred day moving average price is $7.16.

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

UP Fintech Profile

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.