BNP Paribas Financial Markets Purchases 132,846 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

BNP Paribas Financial Markets increased its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 3,857.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 136,290 shares of the company's stock after buying an additional 132,846 shares during the period. BNP Paribas Financial Markets owned 0.07% of UP Fintech worth $880,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TIGR. Tower Research Capital LLC TRC lifted its position in UP Fintech by 527.2% during the fourth 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of UP Fintech during the fourth quarter worth approximately $34,000. Burns Matteson Capital Management LLC acquired a new stake in UP Fintech during the 4th quarter worth approximately $91,000. Alliance Wealth Advisors LLC UT bought a new stake in UP Fintech in the 4th quarter valued at $92,000. Finally, Truist Financial Corp acquired a new position in UP Fintech in the 4th quarter valued at $116,000. Institutional investors and hedge funds own 9.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup raised 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 report on Wednesday, March 19th. Bank of America initiated coverage on shares of UP Fintech in a research report on Monday, March 17th. They set a "buy" rating on the stock.

UP Fintech Price Performance

NASDAQ:TIGR traded down $0.11 during trading hours on Friday, reaching $8.75. 1,807,992 shares of the company were exchanged, compared to its average volume of 7,112,622. The business has a 50 day moving average of $8.25 and a 200 day moving average of $7.35. UP Fintech Holding Limited has a 1-year low of $3.36 and a 1-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 has a market capitalization of $1.62 billion, a P/E ratio of 43.75 and a beta of 0.70.

UP Fintech (NASDAQ:TIGR - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. The company had revenue of $124.10 million for the quarter, compared to analyst estimates of $73.60 million. 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.