Eschler Asset Management LLP Makes New Investment in UP Fintech Holding Limited $TIGR

Key Points

• Eschler Asset Management LLP has acquired a new stake in UP Fintech Holding Limited, purchasing 119,982 shares valued at approximately $1.03 million, which now represents about 2.6% of its portfolio.
• Multiple institutional investors, including Harbour Capital Advisors and Point72 Asset Management, have also made significant investments in UP Fintech, with 9.03% of the stock being owned by institutional investors.
• Analysts have recently upgraded UP Fintech from "neutral" to "buy," increasing the target price to $14.00, indicating strong market confidence in the company’s future performance.

Eschler Asset Management LLP bought a new stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 119,982 shares of the company's stock, valued at approximately $1,031,000. UP Fintech makes up approximately 2.6% of Eschler Asset Management LLP's investment portfolio, making the stock its 12th largest position. Eschler Asset Management LLP owned about 0.06% of UP Fintech as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in shares of 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 buying an additional 3,901 shares during the last quarter. Deutsche Bank AG bought a new position in shares of UP Fintech during the fourth quarter worth about $38,000. Tairen Capital Ltd bought a new position in shares of UP Fintech during the fourth quarter worth about $68,000. Bingham Private Wealth LLC bought a new position in shares of UP Fintech during the first quarter worth about $90,000. Finally, GAMMA Investing LLC grew its position in shares of UP Fintech by 17.4% during the first quarter. GAMMA Investing LLC now owns 10,728 shares of the company's stock worth $92,000 after acquiring an additional 1,592 shares during the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup upgraded shares of UP Fintech from a "neutral" rating to a "buy" rating and raised their price target for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Wall Street Zen raised UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $10.33.

UP Fintech Stock Down 3.4%

NASDAQ:TIGR traded down $0.43 during trading hours on Friday, reaching $12.29. 5,868,255 shares of the company's stock were exchanged, compared to its average volume of 6,168,421. The company has a market capitalization of $2.27 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.80 and a beta of 0.64. UP Fintech Holding Limited has a 12 month low of $3.39 and a 12 month high of $14.48. The business's 50-day simple moving average is $10.64 and its two-hundred day simple moving average is $9.04.

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.