Bank of America Corp DE lessened its holdings in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,601,161 shares of the company's stock after selling 324,721 shares during the quarter. Bank of America Corp DE owned about 0.84% of UP Fintech worth $10,087,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of UP Fintech in the 2nd quarter valued at about $33,000. GeoWealth Management LLC purchased a new stake in UP Fintech in the 4th quarter worth approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of UP Fintech during the 4th quarter worth approximately $94,000. Hsbc Holdings PLC purchased a new position in shares of UP Fintech during the 1st quarter valued at approximately $67,000. Finally, Quarry LP purchased a new position in shares of UP Fintech during the 3rd quarter valued at approximately $121,000. 9.03% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TIGR has been the subject of a number of analyst reports. Bank of America reiterated a "buy" rating on shares of UP Fintech in a research report on Monday, June 1st. Citigroup dropped their target price on UP Fintech to $7.10 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut UP Fintech from a "hold" rating to a "sell" rating in a report on Saturday, June 6th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.23.
Read Our Latest Report on TIGR
UP Fintech Price Performance
TIGR stock opened at $5.33 on Monday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 8.88 and a beta of 0.48. The firm has a 50-day simple moving average of $4.73 and a 200-day simple moving average of $6.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. UP Fintech Holding Limited has a 52 week low of $4.00 and a 52 week high of $13.55.
Insider Buying and Selling at UP Fintech
In other news, Director Jian Liu sold 9,333 shares of the business's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the transaction, the director owned 62,665 shares of the company's stock, valued at approximately $288,259. The trade was a 12.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
About UP Fintech
(
Free Report)
Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company's primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.
Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.
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