70,717 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 70,717 shares of the company's stock, valued at approximately $457,000.

Other institutional investors also recently modified their holdings of the company. Contrarius Group Holdings Ltd purchased a new stake in UP Fintech in the fourth quarter worth about $8,105,000. Diversify Wealth Management LLC purchased a new stake in shares of UP Fintech in the 4th quarter worth approximately $742,000. Virtu Financial LLC purchased a new stake in shares of UP Fintech in the 3rd quarter worth approximately $539,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in UP Fintech by 66.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company's stock valued at $1,090,000 after buying an additional 81,300 shares in the last quarter. Finally, Nkcfo LLC bought a new stake in UP Fintech in the fourth quarter worth $323,000. 9.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price target for the company. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Bank of America initiated coverage on shares of UP Fintech in a report on Monday, March 17th. They set a "buy" rating on the stock.

UP Fintech Stock Performance

NASDAQ TIGR traded down $0.01 during trading hours on Friday, hitting $6.64. The company's stock had a trading volume of 3,095,792 shares, compared to its average volume of 6,885,516. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 month high of $14.48. The company's 50 day simple moving average is $7.79 and its two-hundred day simple moving average is $7.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.23 billion, a P/E ratio of 33.20 and a beta of 0.65.

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

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.