Stifel Financial Corp acquired a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 77,662 shares of the company's stock, valued at approximately $502,000.
Other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP increased its holdings in shares of UP Fintech by 492.4% in the 4th quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock valued at $36,173,000 after acquiring an additional 4,654,351 shares during the last quarter. Contrarius Group Holdings Ltd bought a new position in shares of UP Fintech in the 4th quarter worth about $8,105,000. Dorsey Wright & Associates acquired a new position in shares of UP Fintech in the 4th quarter valued at about $2,579,000. Jump Financial LLC bought a new stake in shares of UP Fintech during the 4th quarter valued at about $2,069,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of UP Fintech during the 4th quarter valued at about $1,219,000. 9.03% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Bank of America began coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a "buy" rating on the stock. Citigroup raised UP Fintech from a "sell" rating to a "neutral" rating and raised their price target for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th.
Get Our Latest Report on UP Fintech
UP Fintech Stock Performance
NASDAQ TIGR traded down $0.01 on Friday, hitting $8.94. The stock had a trading volume of 1,960,932 shares, compared to its average volume of 7,079,822. The company's 50-day moving average is $8.11 and its two-hundred day moving average is $7.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 44.70 and a beta of 0.70. 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 announced its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. The firm had revenue of $124.10 million during the quarter, compared to analyst estimates of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.
UP Fintech 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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