UP Fintech Holding Limited (NASDAQ:TIGR) Stock Position Lowered 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 lessened its holdings in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 14.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,298 shares of the company's stock after selling 30,385 shares during the period. GSA Capital Partners LLP owned approximately 0.09% of UP Fintech worth $1,506,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TIGR. 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. Deutsche Bank AG acquired a new position in UP Fintech in the 4th quarter worth approximately $38,000. Tairen Capital Ltd acquired a new position in UP Fintech in the 4th quarter worth approximately $68,000. Bingham Private Wealth LLC acquired a new stake in shares of UP Fintech during the 1st quarter worth approximately $90,000. Finally, GAMMA Investing LLC grew its stake in shares of UP Fintech by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 10,728 shares of the company's stock worth $92,000 after purchasing an additional 1,592 shares during the period. Institutional investors own 9.03% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TIGR shares. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Citigroup raised 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 research report on Tuesday, July 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $10.33.

UP Fintech Price Performance

Shares of TIGR stock traded down $0.39 during mid-day trading on Friday, reaching $9.40. The stock had a trading volume of 4,262,375 shares, compared to its average volume of 6,761,257. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.74 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.89 and a beta of 0.60. UP Fintech Holding Limited has a 12-month low of $3.36 and a 12-month high of $14.48. The business has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $8.34.

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

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.