AdvisorShares Investments LLC Invests $565,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

AdvisorShares Investments LLC purchased a new stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 87,498 shares of the company's stock, valued at approximately $565,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in UP Fintech by 51.5% in the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after purchasing an additional 3,105 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after acquiring an additional 3,901 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of UP Fintech by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company's stock valued at $437,000 after acquiring an additional 4,082 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of UP Fintech in the 4th quarter valued at approximately $34,000. Finally, Burns Matteson Capital Management LLC bought a new stake in UP Fintech during the fourth quarter worth approximately $91,000. Institutional investors and hedge funds own 9.03% of the company's stock.

UP Fintech Stock Performance

Shares of TIGR traded up $0.47 during mid-day trading on Friday, hitting $8.90. The company's stock had a trading volume of 5,118,453 shares, compared to its average volume of 7,020,431. The stock's 50-day moving average is $7.72 and its two-hundred day moving average is $7.08. The firm has a market capitalization of $1.64 billion, a PE ratio of 44.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. UP Fintech Holding Limited has a one year low of $3.36 and a one year high of $14.48.

UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

Analysts Set New Price Targets

TIGR has been the subject of a number of analyst reports. Bank of America assumed coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating for the company. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $5.80 to $9.50 in a research report on Wednesday, March 19th.

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.