Jump Financial LLC Makes New $2.07 Million Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Jump Financial LLC purchased a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 320,311 shares of the company's stock, valued at approximately $2,069,000. Jump Financial LLC owned 0.17% of UP Fintech as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TIGR. GAMMA Investing LLC grew its stake in shares of UP Fintech by 51.5% in the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after purchasing an additional 3,105 shares during the last quarter. Geode Capital Management LLC grew its position in shares of UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company's stock worth $437,000 after buying an additional 4,082 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of UP Fintech during the fourth quarter valued at approximately $34,000. Burns Matteson Capital Management LLC bought a new stake in UP Fintech in the fourth quarter valued at $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in UP Fintech during the 4th quarter valued at $92,000. 9.03% of the stock is owned by institutional investors.

UP Fintech Stock Up 3.9 %

Shares of TIGR traded up $0.28 during mid-day trading on Wednesday, reaching $7.41. The company had a trading volume of 5,304,132 shares, compared to its average volume of 6,907,287. UP Fintech Holding Limited has a 52 week low of $3.25 and a 52 week high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 37.03 and a beta of 0.65. The firm has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.10.

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, 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 company had revenue of $124.10 million during the quarter, compared to analyst estimates of $73.60 million.

Wall Street Analysts Forecast Growth

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

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.