Shares of UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) saw strong trading volume on Wednesday . 14,306,633 shares changed hands during trading, an increase of 959% from the previous session’s volume of 1,351,374 shares.The stock last traded at $8.10 and had previously closed at $6.23.
Wall Street Analyst Weigh In
Separately, Citigroup decreased their target price on UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd.
View Our Latest Report on UP Fintech
UP Fintech Trading Up 24.9 %
UP Fintech (NASDAQ:TIGR – Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $87.44 million during the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TIGR. GAMMA Investing LLC grew its stake in UP Fintech by 308.9% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after buying an additional 5,804 shares during the last quarter. Headlands Technologies LLC purchased a new stake in UP Fintech during the 1st quarter valued at about $34,000. SG Americas Securities LLC purchased a new stake in UP Fintech during the 2nd quarter valued at about $78,000. Virtu Financial LLC grew its stake in UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after purchasing an additional 10,329 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in UP Fintech during the 1st quarter valued at about $117,000. 9.03% of the stock is owned by institutional investors.
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; and account management services.
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