Dorsey Wright & Associates Decreases Stock Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Dorsey Wright & Associates reduced its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 359,464 shares of the company's stock after selling 39,755 shares during the quarter. Dorsey Wright & Associates owned 0.19% of UP Fintech worth $3,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of UP Fintech in the first quarter worth approximately $793,000. Allianz Asset Management GmbH bought a new position in UP Fintech in the first quarter worth approximately $429,000. Bingham Private Wealth LLC purchased a new position in shares of UP Fintech during the 1st quarter worth $90,000. Diversify Advisory Services LLC boosted its stake in shares of UP Fintech by 109.0% during the 1st quarter. Diversify Advisory Services LLC now owns 38,380 shares of the company's stock worth $316,000 after acquiring an additional 20,020 shares during the last quarter. Finally, Burns Matteson Capital Management LLC grew its position in shares of UP Fintech by 29.8% during the 1st quarter. Burns Matteson Capital Management LLC now owns 18,320 shares of the company's stock valued at $157,000 after acquiring an additional 4,201 shares during the period. Hedge funds and other institutional investors own 9.03% of the company's stock.

UP Fintech Price Performance

Shares of TIGR traded down $0.48 during trading hours on Thursday, reaching $10.83. 6,781,662 shares of the stock traded hands, compared to its average volume of 6,787,460. The company has a market cap of $2.00 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.03 and a beta of 0.67. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The company's 50-day moving average price is $9.17 and its two-hundred day moving average price is $8.19. UP Fintech Holding Limited has a 52-week low of $3.36 and a 52-week high of $14.48.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.20 EPS for the quarter. The business had revenue of $122.61 million for the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%.

Analysts Set New Price Targets

TIGR has been the topic of a number of recent research reports. Wall Street Zen raised UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Citigroup raised UP Fintech from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.50 to $14.00 in a research report on Tuesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $10.33.

UP Fintech Company Profile

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.