UP Fintech Holding Limited (NASDAQ:TIGR) is Sparta 24 Ltd.'s 3rd Largest Position

Key Points

• Sparta 24 Ltd. increased its stake in UP Fintech Holding Limited by 48.0%, now holding approximately 1.98% of the company valued at around $31.4 million.
• Analysts have rated UP Fintech with a buy recommendation, with Citigroup raising the target price from $9.50 to $14.00.
• UP Fintech reported a $0.20 EPS and revenue of $122.61 million in its latest earnings results, reflecting a strong financial performance.

Sparta 24 Ltd. raised its position in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 48.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,657,104 shares of the company's stock after acquiring an additional 1,186,137 shares during the quarter. UP Fintech makes up 30.5% of Sparta 24 Ltd.'s investment portfolio, making the stock its 3rd largest position. Sparta 24 Ltd. owned 1.98% of UP Fintech worth $31,415,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Harbour Capital Advisors LLC purchased a new position in shares of UP Fintech during the first quarter valued at about $575,000. Point72 Asset Management L.P. purchased a new position in shares of UP Fintech during the fourth quarter valued at about $796,000. Jump Financial LLC purchased a new position in shares of UP Fintech during the fourth quarter valued at about $2,069,000. Northern Trust Corp increased its position in shares of UP Fintech by 53.8% during the fourth quarter. Northern Trust Corp now owns 180,679 shares of the company's stock valued at $1,167,000 after buying an additional 63,232 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of UP Fintech by 908.7% during the first quarter. GAMMA Investing LLC now owns 92,154 shares of the company's stock valued at $792,000 after buying an additional 83,018 shares during the period. Hedge funds and other institutional investors own 9.03% of the company's stock.

Wall Street Analyst Weigh In

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

UP Fintech Stock Down 3.8%

NASDAQ:TIGR traded down $0.39 during mid-day trading on Tuesday, hitting $9.84. 4,627,504 shares of the company's stock were exchanged, compared to its average volume of 6,198,296. UP Fintech Holding Limited has a one year low of $3.36 and a one year 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 business has a fifty day moving average price of $9.23 and a 200 day moving average price of $8.28. The company has a market cap of $1.82 billion, a PE ratio of 21.80, a P/E/G ratio of 0.96 and a beta of 0.67.

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

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.