Dorsey Wright & Associates Purchases New Stake in UP Fintech Holding Limited (NASDAQ:TIGR)

Dorsey Wright & Associates purchased a new position in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 399,219 shares of the company's stock, valued at approximately $2,579,000. Dorsey Wright & Associates owned approximately 0.22% of UP Fintech at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TIGR. Arrowstreet Capital Limited Partnership bought a new position in shares of UP Fintech in the fourth quarter worth about $457,000. Quantbot Technologies LP purchased a new stake in UP Fintech during the fourth quarter worth $213,000. Contrarius Group Holdings Ltd purchased a new position in shares of UP Fintech in the 4th quarter valued at $8,105,000. EverSource Wealth Advisors LLC bought a new position in shares of UP Fintech in the 4th quarter worth $159,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of UP Fintech during the 4th quarter worth $201,000. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TIGR. Bank of America initiated coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price objective for the company. Finally, Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $5.80 to $9.50 in a research note on Wednesday, March 19th.

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UP Fintech Stock Performance

Shares of TIGR stock traded down $0.32 during trading hours on Thursday, hitting $8.33. The company's stock had a trading volume of 3,307,652 shares, compared to its average volume of 6,538,734. The stock has a market cap of $1.54 billion, a PE ratio of 41.65 and a beta of 0.87. The company has a 50 day moving average of $7.84 and a 200 day moving average of $6.94. 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.

UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 EPS 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 company had revenue of $124.10 million for the quarter, compared to analyst estimates of $73.60 million.

UP Fintech 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.