Envestnet Asset Management Inc. Invests $1.22 Million in UP Fintech Holding Limited (NASDAQ:TIGR)

Envestnet Asset Management Inc. purchased a new stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 188,754 shares of the company's stock, valued at approximately $1,219,000. Envestnet Asset Management Inc. owned 0.10% of UP Fintech as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after acquiring an additional 3,105 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of UP Fintech by 5.2% during the third 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 period. SBI Securities Co. Ltd. bought a new position in shares of UP Fintech during the 4th quarter valued at about $34,000. Burns Matteson Capital Management LLC acquired a new stake in shares of UP Fintech during the fourth quarter worth $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in UP Fintech during the 4th quarter worth approximately $92,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Stock Performance

Shares of NASDAQ TIGR traded up $0.34 during trading hours on Tuesday, hitting $9.31. 3,776,101 shares of the stock were exchanged, compared to its average volume of 7,012,775. The firm has a market capitalization of $1.72 billion, a P/E ratio of 46.55 and a beta of 0.70. UP Fintech Holding Limited has a one year low of $3.36 and a one year high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50 day moving average is $7.79 and its 200 day moving average is $7.11.

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 (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The company had revenue of $124.10 million for the quarter, compared to the consensus estimate of $73.60 million.

Analysts Set New Price Targets

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

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.