Atria Investments Inc Makes New Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Atria Investments Inc purchased a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 49,619 shares of the company's stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its position in shares of UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company's stock valued at $3,965,000 after acquiring an additional 34,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 purchasing an additional 81,300 shares during the last quarter. Diversify Wealth Management LLC bought a new position in UP Fintech during the 4th quarter valued at about $742,000. Virtu Financial LLC bought a new position in UP Fintech during the 3rd quarter valued at about $539,000. Finally, Quadrature Capital Ltd bought a new position in UP Fintech during the 3rd quarter valued at about $516,000. Institutional investors own 9.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of UP Fintech in a report on Monday. They set a "buy" rating for the company. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their price target for the company from $5.80 to $9.50 in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a "buy" rating and a $9.40 target price on the stock.

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UP Fintech Stock Performance

Shares of TIGR remained flat at $8.86 during mid-day trading on Friday. 6,484,861 shares of the stock traded hands, compared to its average volume of 6,369,727. UP Fintech Holding Limited has a twelve month low of $3.10 and a twelve month high of $14.48. 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 business has a 50 day simple moving average of $7.39 and a 200-day simple moving average of $6.59. The stock has a market capitalization of $1.64 billion, a PE ratio of 44.30 and a beta of 0.87.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating 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 business 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.