Geode Capital Management LLC raised its stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 49.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,644 shares of the company's stock after buying an additional 40,802 shares during the quarter. Geode Capital Management LLC owned approximately 0.07% of UP Fintech worth $792,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of UP Fintech in the 3rd quarter valued at about $539,000. Nkcfo LLC purchased a new position in UP Fintech during the 4th quarter valued at about $323,000. Diversify Wealth Management LLC acquired a new stake in shares of UP Fintech during the fourth quarter valued at $742,000. Quantbot Technologies LP purchased a new stake in UP Fintech in the 4th quarter worth approximately $213,000. Finally, Atria Investments Inc purchased a new stake in shares of UP Fintech during the 4th quarter valued at $321,000. Institutional investors and hedge funds own 9.03% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TIGR. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America initiated coverage on UP Fintech in a report on Monday, March 17th. They set a "buy" rating for the company.
Read Our Latest Report on TIGR
UP Fintech Trading Down 1.5 %
Shares of UP Fintech stock traded down $0.14 on Wednesday, hitting $9.17. 2,957,918 shares of the company's stock traded hands, compared to its average volume of 7,020,358. The stock has a market capitalization of $1.69 billion, a PE ratio of 45.85 and a beta of 0.70. The firm's 50-day moving average price is $7.82 and its two-hundred day moving average price is $7.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. UP Fintech Holding Limited has a one year low of $3.36 and a one year high of $14.48.
UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. The firm had revenue of $124.10 million for the quarter, compared to analyst estimates of $73.60 million. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.
UP Fintech Company Profile
(
Free Report)
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.
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