Numerai GP LLC Purchases New Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

Numerai GP LLC acquired a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,301 shares of the company's stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after buying an additional 3,901 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in UP Fintech in the 4th quarter valued at $34,000. Deutsche Bank AG bought a new stake in UP Fintech in the fourth quarter valued at $38,000. Burns Matteson Capital Management LLC acquired a new position in UP Fintech during the fourth quarter worth $91,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in shares of UP Fintech during the fourth quarter valued at $92,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Price Performance

TIGR stock traded down $0.05 during midday trading on Thursday, reaching $8.89. 813,288 shares of the company's stock traded hands, compared to its average volume of 7,079,649. The company has a 50-day simple moving average of $8.25 and a two-hundred day simple moving average of $7.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a 1-year low of $3.36 and a 1-year high of $14.48. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 44.47 and a beta of 0.70.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The company had revenue of $124.10 million during the quarter, compared to analyst estimates of $73.60 million.

Analysts Set New Price Targets

TIGR has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating on the stock. Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and boosted their price target for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th.

UP Fintech Company 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.