Claro Advisors LLC Takes $238,000 Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Claro Advisors LLC bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, HoldingsChannel.com reports. The fund bought 36,782 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds also recently added to or reduced their stakes in TIGR. GAMMA Investing LLC grew its stake in shares of UP Fintech by 53.6% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in UP Fintech by 5.2% in the third quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after purchasing an additional 4,082 shares during the period. Asset Management One Co. Ltd. grew its stake in UP Fintech by 38.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Blue Trust Inc. increased its holdings in UP Fintech by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in UP Fintech in the 3rd quarter valued at about $121,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Price Performance

TIGR stock opened at $6.19 on Thursday. The business has a 50 day moving average price of $6.41 and a 200 day moving average price of $5.49. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 30.95 and a beta of 0.86. UP Fintech Holding Limited has a fifty-two week low of $3.10 and a fifty-two week high of $14.48.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup reissued a “sell” rating and set a $5.50 price objective (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. China Renaissance raised 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 report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective on the stock.

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.