Diversify Wealth Management LLC Buys New Shares in UP Fintech Holding Limited (NASDAQ:TIGR)

Diversify Wealth Management LLC bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 114,899 shares of the company's stock, valued at approximately $742,000. Diversify Wealth Management LLC owned 0.06% of UP Fintech as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock worth $32,000 after purchasing an additional 2,104 shares during the last quarter. Geode Capital Management LLC raised its holdings in UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company's stock valued at $437,000 after acquiring an additional 4,082 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock valued at $84,000 after acquiring an additional 4,377 shares in the last quarter. Blue Trust Inc. raised its holdings in UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock valued at $78,000 after acquiring an additional 9,748 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of UP Fintech in the 3rd quarter worth approximately $121,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Trading Up 1.6 %

Shares of NASDAQ:TIGR traded up $0.10 during midday trading on Wednesday, hitting $6.55. The company had a trading volume of 1,851,104 shares, compared to its average volume of 3,729,411. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 month 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. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 32.73 and a beta of 0.86. The firm has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $5.56.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TIGR. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 target price for the company. Citigroup reaffirmed a "sell" rating and set a $5.50 price target (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. Finally, China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target for the company in a report on Thursday, October 24th.

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.