GAMMA Investing LLC Has $792,000 Stock Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

GAMMA Investing LLC increased its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 908.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,154 shares of the company's stock after buying an additional 83,018 shares during the period. GAMMA Investing LLC's holdings in UP Fintech were worth $792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TIGR. Truist Financial Corp acquired a new position in UP Fintech during the 4th quarter worth about $116,000. Handelsbanken Fonder AB acquired a new position in UP Fintech during the 4th quarter worth about $131,000. Wrapmanager Inc. acquired a new position in UP Fintech during the 4th quarter worth about $140,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in UP Fintech during the 4th quarter worth about $194,000. Finally, SBI Securities Co. Ltd. acquired a new position in UP Fintech during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 9.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TIGR. Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and upped their price target for the stock from $5.80 to $9.50 in a research report on Wednesday, March 19th. Wall Street Zen upgraded shares of UP Fintech from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Finally, Bank of America began coverage on shares of UP Fintech in a research report on Monday, March 17th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.83.

UP Fintech Trading Down 3.5%

UP Fintech stock traded down $0.29 during trading hours on Friday, reaching $8.06. 2,653,378 shares of the company's stock traded hands, compared to its average volume of 7,274,815. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.12. UP Fintech Holding Limited has a fifty-two week low of $3.36 and a fifty-two week high of $14.48. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.73 and a beta of 0.64. The firm's 50 day moving average is $8.38 and its 200-day moving average is $7.71.

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

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.