UP Fintech Holding Limited (NASDAQ:TIGR) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in UP Fintech Holding Limited (NASDAQ:TIGR) by 38.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,733 shares of the company’s stock after acquiring an additional 4,377 shares during the period. Asset Management One Co. Ltd.’s holdings in UP Fintech were worth $84,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TIGR. Marshall Wace LLP boosted its holdings in shares of UP Fintech by 52.8% in the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after purchasing an additional 384,213 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of UP Fintech by 6,367.8% in the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after buying an additional 446,572 shares during the period. Sparta 24 Ltd. boosted its holdings in UP Fintech by 113.7% in 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 during the last quarter. Virtu Financial LLC grew its position in UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after acquiring an additional 10,329 shares during the period. Finally, GAMMA Investing LLC increased its stake in UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after acquiring an additional 2,104 shares during the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TIGR. Citigroup restated a “sell” rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a research note on Thursday, October 24th.

UP Fintech Stock Performance

Shares of UP Fintech stock opened at $6.55 on Tuesday. The firm has a market cap of $1.21 billion, a PE ratio of 38.50 and a beta of 0.91. UP Fintech Holding Limited has a 1 year low of $3.10 and a 1 year high of $14.48. The firm’s 50-day simple moving average is $5.98 and its 200-day simple moving average is $4.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The firm had revenue of $87.44 million for the quarter.

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.