Blue Trust Inc. Raises Stake in UP Fintech Holding Limited (NASDAQ:TIGR)

Blue Trust Inc. grew its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 198.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,657 shares of the company’s stock after purchasing an additional 9,748 shares during the period. Blue Trust Inc.’s holdings in UP Fintech were worth $78,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised 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 valued at $32,000 after buying an additional 2,104 shares during the last quarter. Headlands Technologies LLC purchased a new stake in UP Fintech during the 1st quarter valued at $34,000. SG Americas Securities LLC bought a new stake in shares of UP Fintech in the 2nd quarter worth $78,000. Virtu Financial LLC boosted its position in shares of 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 buying an additional 10,329 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in UP Fintech in the 2nd quarter worth about $129,000. 9.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TIGR shares. Citigroup reaffirmed a “sell” rating and set a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a 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 research note on Thursday, October 24th.

UP Fintech Trading Down 1.6 %

UP Fintech stock opened at $6.34 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The firm has a market capitalization of $994.69 million, a price-to-earnings ratio of 37.29 and a beta of 0.93. The firm has a 50 day moving average of $5.54 and a 200 day moving average of $4.59.

UP Fintech (NASDAQ:TIGR) last released its earnings results 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). The business had revenue of $87.44 million for the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.

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.