Voloridge Investment Management LLC Takes $321,000 Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Voloridge Investment Management LLC purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,716 shares of the company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TIGR. Marshall Wace LLP lifted its holdings in shares of UP Fintech by 492.4% during the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock worth $36,173,000 after purchasing an additional 4,654,351 shares during the period. Two Sigma Investments LP grew its position in shares of UP Fintech by 808.5% in the 4th quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock valued at $11,743,000 after buying an additional 1,617,702 shares during the last quarter. Millennium Management LLC increased its stake in shares of UP Fintech by 2,631.2% in the fourth quarter. Millennium Management LLC now owns 1,620,968 shares of the company's stock valued at $10,471,000 after buying an additional 1,561,617 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in shares of UP Fintech in the fourth quarter valued at about $8,105,000. Finally, Two Sigma Advisers LP raised its position in shares of UP Fintech by 841.6% during the fourth quarter. Two Sigma Advisers LP now owns 888,900 shares of the company's stock worth $5,742,000 after acquiring an additional 794,500 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company's stock.

UP Fintech Stock Performance

UP Fintech stock traded down $0.12 during mid-day trading on Tuesday, reaching $8.25. The company's stock had a trading volume of 2,192,709 shares, compared to its average volume of 7,183,736. 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 12-month low of $3.36 and a 12-month high of $14.48. The company has a market capitalization of $1.52 billion, a P/E ratio of 41.25 and a beta of 0.70. The firm's fifty day moving average price is $8.16 and its two-hundred day moving average price is $7.47.

UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its earnings results on Friday, May 30th. The company reported $0.20 earnings per share (EPS) for the quarter. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $122.61 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TIGR shares. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America began coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating on the stock. Finally, Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $5.80 to $9.50 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $8.83.

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.