77,662 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Bought by Stifel Financial Corp

Stifel Financial Corp acquired a new position in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 77,662 shares of the company's stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TIGR. Geode Capital Management LLC increased its stake in UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company's stock worth $437,000 after purchasing an additional 4,082 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of UP Fintech by 49.0% during the third quarter. JPMorgan Chase & Co. now owns 75,198 shares of the company's stock worth $402,000 after purchasing an additional 24,726 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock valued at $59,000 after acquiring an additional 3,105 shares during the period. Claro Advisors LLC acquired a new stake in shares of UP Fintech during the fourth quarter worth about $238,000. Finally, Diversify Wealth Management LLC bought a new position in shares of UP Fintech during the fourth quarter worth about $742,000. Institutional investors and hedge funds own 9.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TIGR. Citigroup raised UP Fintech from a "sell" rating to a "neutral" rating and upped their target price 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 issued a "buy" rating on the stock.

UP Fintech Stock Down 0.1%

Shares of NASDAQ TIGR traded down $0.01 during mid-day trading on Friday, reaching $8.94. The company had a trading volume of 1,960,932 shares, compared to its average volume of 7,118,769. The firm has a 50 day simple moving average of $8.15 and a two-hundred day simple moving average of $7.28. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.65 billion, a P/E ratio of 44.70 and a beta of 0.70. UP Fintech Holding Limited has a 52-week low of $3.36 and a 52-week high of $14.48.

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

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.