BNP Paribas Financial Markets Has $880,000 Stake in UP Fintech Holding Limited (NASDAQ:TIGR)

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

A number of other hedge funds also recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after acquiring an additional 3,901 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of UP Fintech during the fourth quarter worth approximately $34,000. Burns Matteson Capital Management LLC acquired a new position in shares of UP Fintech in the fourth quarter valued at approximately $91,000. Alliance Wealth Advisors LLC UT bought a new position in shares of UP Fintech during the fourth quarter worth approximately $92,000. Finally, Blue Trust Inc. increased its stake in shares of UP Fintech by 110.7% during the fourth quarter. Blue Trust Inc. now owns 30,876 shares of the company's stock worth $199,000 after purchasing an additional 16,219 shares during the period. Institutional investors and hedge funds own 9.03% of the company's stock.

UP Fintech Stock Performance

Shares of TIGR traded down $0.29 during mid-day trading on Tuesday, hitting $8.46. 2,296,961 shares of the company's stock were exchanged, compared to its average volume of 7,116,907. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a 52 week low of $3.36 and a 52 week high of $14.48. The stock's 50-day simple moving average is $8.22 and its 200-day simple moving average is $7.38. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 42.30 and a beta of 0.70.

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, topping analysts' consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $124.10 million for the quarter, compared to the consensus estimate of $73.60 million.

Analysts Set New Price Targets

Several research firms recently issued reports on TIGR. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and boosted their price target for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th. Bank of America initiated coverage on shares of UP Fintech in a research report on Monday, March 17th. They issued a "buy" rating for the company.

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.