Northern Trust Corp Increases Stock Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Northern Trust Corp boosted its stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 53.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,679 shares of the company's stock after purchasing an additional 63,232 shares during the quarter. Northern Trust Corp owned approximately 0.10% of UP Fintech worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in UP Fintech by 527.2% during the fourth 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 period. SBI Securities Co. Ltd. bought a new stake in UP Fintech in the 4th quarter worth approximately $34,000. Burns Matteson Capital Management LLC purchased a new stake in shares of UP Fintech in the 4th quarter valued at $91,000. Alliance Wealth Advisors LLC UT bought a new position in shares of UP Fintech during the 4th quarter valued at $92,000. Finally, Truist Financial Corp bought a new stake in UP Fintech in the fourth quarter worth $116,000. 9.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America started coverage on UP Fintech in a research note on Monday, March 17th. They set a "buy" rating on the stock. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and increased their target price for the company from $5.80 to $9.50 in a report on Wednesday, March 19th.

UP Fintech Stock Down 6.4%

NASDAQ:TIGR traded down $0.54 during trading hours on Friday, reaching $7.89. 9,400,250 shares of the company traded hands, compared to its average volume of 7,171,069. UP Fintech Holding Limited has a 1 year low of $3.36 and a 1 year high of $14.48. The stock has a market capitalization of $1.46 billion, a P/E ratio of 39.45 and a beta of 0.70. The business's 50-day moving average price is $8.21 and its two-hundred day moving average price is $7.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

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

UP Fintech 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.