Quinn Opportunity Partners LLC Boosts Holdings in UP Fintech Holding Limited $TIGR

Quinn Opportunity Partners LLC raised its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 628,921 shares of the company’s stock after buying an additional 53,409 shares during the period. Quinn Opportunity Partners LLC owned about 0.34% of UP Fintech worth $6,069,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TIGR. Acadian Asset Management LLC increased its stake in shares of UP Fintech by 818.7% in the first quarter. Acadian Asset Management LLC now owns 126,596 shares of the company’s stock worth $1,085,000 after purchasing an additional 112,816 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in UP Fintech in the 1st quarter worth $9,467,000. Sparta 24 Ltd. increased its stake in UP Fintech by 48.0% in the 1st quarter. Sparta 24 Ltd. now owns 3,657,104 shares of the company’s stock worth $31,415,000 after buying an additional 1,186,137 shares in the last quarter. Eschler Asset Management LLP bought a new stake in UP Fintech during the first quarter valued at about $1,031,000. Finally, Nuveen LLC purchased a new position in shares of UP Fintech in the first quarter valued at about $819,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Stock Down 0.8%

Shares of NASDAQ TIGR opened at $10.53 on Wednesday. UP Fintech Holding Limited has a twelve month low of $5.36 and a twelve month high of $13.55. The firm has a market cap of $1.94 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 0.69 and a beta of 0.53. The business has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $9.98.

Analyst Upgrades and Downgrades

TIGR has been the subject of several research analyst reports. Jefferies Financial Group began coverage on shares of UP Fintech in a research note on Monday, September 29th. They set a “buy” rating and a $12.00 target price for the company. Citigroup raised shares of UP Fintech from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.50 to $14.00 in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, October 8th. Wall Street Zen downgraded UP Fintech from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, UBS Group assumed coverage on UP Fintech in a report on Thursday, October 23rd. They set a “buy” rating and a $13.10 price target for the company. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.13.

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.