UP Fintech Holding Limited $TIGR Stake Reduced by Sparta 24 Ltd.

Key Points

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Sparta 24 Ltd. reduced its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,325,660 shares of the company's stock after selling 935,286 shares during the quarter. UP Fintech accounts for about 45.1% of Sparta 24 Ltd.'s investment portfolio, making the stock its biggest holding. Sparta 24 Ltd. owned 2.88% of UP Fintech worth $50,913,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of UP Fintech by 8.8% during the fourth quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company's stock valued at $137,000 after acquiring an additional 1,159 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in UP Fintech by 21.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company's stock valued at $83,000 after purchasing an additional 1,355 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in UP Fintech by 11.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 12,906 shares of the company's stock valued at $131,000 after purchasing an additional 1,364 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company's stock worth $484,000 after purchasing an additional 1,385 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of UP Fintech by 10.4% in the fourth quarter. Personal CFO Solutions LLC now owns 32,372 shares of the company's stock worth $309,000 after purchasing an additional 3,046 shares during the last quarter. Institutional investors own 9.03% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of UP Fintech in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, UP Fintech has a consensus rating of "Hold" and an average target price of $11.83.

UP Fintech Stock Up 1.2%

TIGR opened at $6.60 on Friday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.23 and a beta of 0.60. The firm has a 50 day moving average price of $7.02 and a 200-day moving average price of $8.47. UP Fintech Holding Limited has a twelve month low of $5.95 and a twelve month high of $13.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The company had revenue of $156.54 million for the quarter, compared to analysts' expectations of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. Equities research analysts forecast that UP Fintech Holding Limited will post 0.78 earnings per share for the current year.

UP Fintech Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company's primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.

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