Dymon Asia Capital Singapore PTE. LTD. Purchases New Shares in UP Fintech Holding Limited (NASDAQ:TIGR)

Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 71,100 shares of the company's stock, valued at approximately $459,000.

A number of other institutional investors have also made changes to their positions in TIGR. Contrarius Group Holdings Ltd bought a new position in UP Fintech during the fourth quarter worth $8,105,000. State Street Corp raised its holdings in UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company's stock worth $3,965,000 after buying an additional 34,186 shares during the period. Dorsey Wright & Associates purchased a new stake in shares of UP Fintech in the fourth quarter valued at $2,579,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in UP Fintech by 66.2% in 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 worth $1,090,000 after buying an additional 81,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in UP Fintech in the fourth quarter worth $1,219,000. 9.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TIGR. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and increased their target price for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th. Bank of America started coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft started 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.

UP Fintech Price Performance

UP Fintech stock traded down $0.15 during mid-day trading on Wednesday, reaching $6.66. 1,315,835 shares of the company were exchanged, compared to its average volume of 6,816,734. The company has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $7.15. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 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 firm has a market cap of $1.23 billion, a PE ratio of 33.30 and a beta of 0.65.

UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its 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 firm had revenue of $124.10 million for the quarter, compared to analyst estimates 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.