Voloridge Investment Management LLC Buys New Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after buying an additional 3,901 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of UP Fintech in the 4th quarter valued at $34,000. Deutsche Bank AG bought a new position in shares of UP Fintech in the 4th quarter worth $38,000. Tairen Capital Ltd purchased a new stake in shares of UP Fintech during the 4th quarter worth $68,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of UP Fintech during the 4th quarter worth $91,000. 9.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

UP Fintech Stock Down 6.4%

TIGR stock traded down $0.54 on Friday, hitting $7.89. 9,400,250 shares of the company's stock were exchanged, compared to its average volume of 7,190,861. The firm has a 50 day moving average price of $8.19 and a two-hundred day moving average price of $7.42. UP Fintech Holding Limited has a 12-month low of $3.36 and a 12-month high of $14.48. The stock has a market cap of $1.46 billion, a P/E ratio of 39.45 and a beta of 0.70. 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 (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $122.61 million for the quarter. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.

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.