Canada Pension Plan Investment Board Takes $9.47 Million Position in UP Fintech Holding Limited $TIGR

Key Points

• The Canada Pension Plan Investment Board has invested approximately $9.47 million in UP Fintech Holding Limited, acquiring 1,102,050 shares during the first quarter.
• Analysts have recently upgraded UP Fintech's stock rating to "buy", with Citigroup raising its price target from $9.50 to $14.00.
• UP Fintech's stock has experienced significant volatility, trading between a 52-week low of $3.39 and a high of $14.48.

Canada Pension Plan Investment Board acquired a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,102,050 shares of the company's stock, valued at approximately $9,467,000. Canada Pension Plan Investment Board owned 0.60% of UP Fintech as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TIGR. Tower Research Capital LLC TRC boosted its holdings in UP Fintech by 527.2% during 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. Stifel Financial Corp purchased a new position in UP Fintech during the 4th quarter valued at $502,000. Northern Trust Corp boosted its holdings in UP Fintech by 53.8% during the 4th quarter. Northern Trust Corp now owns 180,679 shares of the company's stock valued at $1,167,000 after acquiring an additional 63,232 shares during the period. BNP Paribas Financial Markets boosted its holdings in UP Fintech by 3,857.3% during the 4th quarter. BNP Paribas Financial Markets now owns 136,290 shares of the company's stock valued at $880,000 after acquiring an additional 132,846 shares during the period. Finally, Beverly Hills Private Wealth LLC purchased a new position in UP Fintech during the 4th quarter valued at $173,000. Hedge funds and other institutional investors own 9.03% of the company's stock.

UP Fintech Stock Down 3.4%

Shares of NASDAQ TIGR traded down $0.43 during mid-day trading on Friday, reaching $12.29. 5,868,255 shares of the company were exchanged, compared to its average volume of 6,168,421. The firm has a 50-day moving average of $10.64 and a 200 day moving average of $9.03. UP Fintech Holding Limited has a 1 year low of $3.39 and a 1 year high of $14.48. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.83 and a beta of 0.64.

Wall Street Analyst Weigh In

TIGR has been the subject of several research reports. Citigroup upgraded UP Fintech from a "neutral" rating to a "buy" rating and upped their target price for the stock from $9.50 to $14.00 in a report on Tuesday, July 22nd. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, UP Fintech presently has a consensus rating of "Buy" and a consensus target price of $10.33.

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.