UP Fintech Holding Limited (NASDAQ:TIGR) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP reduced its stake in UP Fintech Holding Limited by 14.8%, now owning 175,298 shares valued at approximately $1.5 million.
• Several institutional investors, including GAMMA Investing LLC and Tower Research Capital LLC, increased their holdings in UP Fintech, indicating a mixed trend among stakeholders.
• UP Fintech's stock has received upgraded ratings from analysts, with Citigroup raising its target price from $9.50 to $14.00 as it shifts from a "neutral" to a "buy" rating.

GSA Capital Partners LLP lowered its holdings in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 14.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,298 shares of the company's stock after selling 30,385 shares during the quarter. GSA Capital Partners LLP owned 0.09% of UP Fintech worth $1,506,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in UP Fintech by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 10,728 shares of the company's stock valued at $92,000 after purchasing an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 worth $30,000 after acquiring an additional 3,901 shares during the last quarter. Burns Matteson Capital Management LLC grew its stake in UP Fintech by 29.8% in the 1st quarter. Burns Matteson Capital Management LLC now owns 18,320 shares of the company's stock worth $157,000 after acquiring an additional 4,201 shares during the period. Deutsche Bank AG purchased a new position in shares of UP Fintech during the 4th quarter worth $38,000. Finally, Vident Advisory LLC boosted its holdings in shares of UP Fintech by 15.0% during the fourth quarter. Vident Advisory LLC now owns 74,172 shares of the company's stock worth $479,000 after purchasing an additional 9,680 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company's stock.

UP Fintech Stock Down 3.5%

TIGR traded down $0.34 during trading hours on Wednesday, reaching $9.48. 4,294,238 shares of the stock traded hands, compared to its average volume of 6,502,576. UP Fintech Holding Limited has a fifty-two week low of $3.36 and a fifty-two week high of $14.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.89 and a beta of 0.67. The firm's fifty day simple moving average is $9.24 and its two-hundred day simple moving average is $8.29.

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

Analyst Ratings Changes

TIGR has been the subject of a number of research analyst reports. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Citigroup upgraded shares of UP Fintech from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.50 to $14.00 in a report on Tuesday, July 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, UP Fintech currently has an average rating of "Buy" and a consensus price target of $10.33.

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.