Numerai GP LLC Purchases Shares of 32,301 UP Fintech Holding Limited (NASDAQ:TIGR)

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

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marshall Wace LLP boosted its position in shares of UP Fintech by 492.4% during the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock worth $36,173,000 after purchasing an additional 4,654,351 shares in the last quarter. Millennium Management LLC boosted its position in shares of UP Fintech by 2,631.2% during the fourth quarter. Millennium Management LLC now owns 1,620,968 shares of the company's stock worth $10,471,000 after purchasing an additional 1,561,617 shares in the last quarter. Contrarius Group Holdings Ltd bought a new position in shares of UP Fintech during the fourth quarter worth $8,105,000. Dorsey Wright & Associates bought a new position in shares of UP Fintech during the fourth quarter worth $2,579,000. Finally, Jump Financial LLC bought a new position in shares of UP Fintech during the fourth quarter worth $2,069,000. Institutional investors and hedge funds own 9.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America assumed coverage on shares of UP Fintech in a research report on Monday, March 17th. They issued a "buy" rating on the stock. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th.

UP Fintech Stock Performance

Shares of UP Fintech stock traded down $0.09 during trading on Tuesday, hitting $9.04. 1,815,975 shares of the stock were exchanged, compared to its average volume of 7,079,214. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 45.20 and a beta of 0.70. The company has a fifty day moving average price of $8.18 and a 200-day moving average price of $7.30. UP Fintech Holding Limited has a 1-year low of $3.36 and a 1-year high of $14.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings data 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. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The company had revenue of $124.10 million for the quarter, compared to analyst estimates of $73.60 million.

About UP Fintech

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.