Point72 Asset Management L.P. Buys New Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

Point72 Asset Management L.P. acquired a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 123,239 shares of the company's stock, valued at approximately $796,000. Point72 Asset Management L.P. owned about 0.07% of UP Fintech as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after purchasing an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in UP Fintech during the 4th quarter valued at about $34,000. Deutsche Bank AG bought a new position in UP Fintech during the 4th quarter valued at approximately $38,000. Burns Matteson Capital Management LLC purchased a new stake in UP Fintech in the 4th quarter worth approximately $91,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in shares of UP Fintech in the 4th quarter worth approximately $92,000. Institutional investors own 9.03% of the company's stock.

UP Fintech Stock Up 0.3%

Shares of UP Fintech stock traded up $0.03 on Wednesday, reaching $8.49. The company's stock had a trading volume of 778,095 shares, compared to its average volume of 7,091,936. UP Fintech Holding Limited has a 52 week low of $3.36 and a 52 week high of $14.48. The firm's fifty day simple moving average is $8.22 and its two-hundred day simple moving average is $7.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 42.48 and a beta of 0.70.

UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. The business had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

Analyst Upgrades and Downgrades

TIGR has been the subject of a number of research analyst reports. Bank of America started coverage on UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating for the company. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their target price for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th.

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.