Two Sigma Advisers LP Increases Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

Two Sigma Advisers LP grew its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 841.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 888,900 shares of the company's stock after purchasing an additional 794,500 shares during the period. Two Sigma Advisers LP owned approximately 0.48% of UP Fintech worth $5,742,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TIGR. Marshall Wace LLP lifted its holdings in shares of UP Fintech by 492.4% during the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock valued at $36,173,000 after purchasing an additional 4,654,351 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of UP Fintech by 808.5% during the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock valued at $11,743,000 after purchasing an additional 1,617,702 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of UP Fintech by 2,631.2% during the fourth quarter. Millennium Management LLC now owns 1,620,968 shares of the company's stock valued at $10,471,000 after purchasing an additional 1,561,617 shares during the last quarter. Contrarius Group Holdings Ltd purchased a new position in shares of UP Fintech during the fourth quarter valued at approximately $8,105,000. Finally, Dorsey Wright & Associates bought a new stake in shares of UP Fintech during the fourth quarter valued at approximately $2,579,000. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech Price Performance

TIGR stock traded down $0.55 during mid-day trading on Friday, hitting $7.89. The company had a trading volume of 5,958,157 shares, compared to its average volume of 7,132,536. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 39.33 and a beta of 0.70. UP Fintech Holding Limited has a 12-month low of $3.36 and a 12-month high of $14.48. 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 50-day moving average price of $8.21 and a 200 day moving average price of $7.40.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of UP Fintech in a research report on Monday, March 17th. They set a "buy" rating for the company. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and raised their price target for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th.

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.