Public Employees Retirement System of Ohio Buys Shares of 22,600 UP Fintech Holding Limited (NASDAQ:TIGR)

Public Employees Retirement System of Ohio purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,600 shares of the company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TIGR. Sparta 24 Ltd. increased its position in UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock worth $16,811,000 after purchasing an additional 1,675,296 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after buying an additional 384,213 shares during the last quarter. State Street Corp raised its position in shares of UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after buying an additional 34,186 shares during the period. GSA Capital Partners LLP lifted its holdings in UP Fintech by 10.1% in the third quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock valued at $3,610,000 after acquiring an additional 62,145 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UP Fintech by 66.2% in 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 period. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TIGR shares. Citigroup restated a “sell” rating and issued a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. China Renaissance upgraded shares of 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 Performance

NASDAQ:TIGR opened at $7.09 on Friday. UP Fintech Holding Limited has a fifty-two week low of $3.10 and a fifty-two 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 company has a 50 day moving average price of $6.45 and a 200 day moving average price of $5.23. The stock has a market capitalization of $1.31 billion, a P/E ratio of 35.45 and a beta of 0.88.

UP Fintech Company 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.