Marshall Wace LLP Has $36.17 Million Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Marshall Wace LLP boosted its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 492.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,599,514 shares of the company's stock after purchasing an additional 4,654,351 shares during the period. Marshall Wace LLP owned 3.03% of UP Fintech worth $36,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TIGR. SBI Securities Co. Ltd. acquired a new position in UP Fintech during the 4th quarter valued at about $34,000. GAMMA Investing LLC lifted its stake in shares of UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock valued at $59,000 after purchasing an additional 3,105 shares during the period. Burns Matteson Capital Management LLC bought a new position in shares of UP Fintech in the 4th quarter worth $91,000. Alliance Wealth Advisors LLC UT acquired a new stake in shares of UP Fintech during the fourth quarter worth $92,000. Finally, Truist Financial Corp bought a new stake in UP Fintech in the fourth quarter valued at about $116,000. Institutional investors own 9.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TIGR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price objective for the company. Bank of America assumed coverage on UP Fintech in a research note on Monday, March 17th. They set a "buy" rating for the company. Finally, 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 research note on Wednesday, March 19th.

UP Fintech Stock Up 3.8 %

NASDAQ TIGR traded up $0.27 during trading on Wednesday, hitting $7.40. The stock had a trading volume of 5,503,310 shares, compared to its average volume of 6,907,307. UP Fintech Holding Limited has a 12 month low of $3.25 and a 12 month 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's 50-day moving average price is $7.73 and its two-hundred day moving average price is $7.10. The company has a market capitalization of $1.37 billion, a PE ratio of 37.00 and a beta of 0.65.

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