Sparta 24 Ltd. Boosts Stock Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

Sparta 24 Ltd. raised its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 113.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,148,128 shares of the company's stock after purchasing an additional 1,675,296 shares during the quarter. UP Fintech accounts for 15.4% of Sparta 24 Ltd.'s portfolio, making the stock its 4th largest holding. Sparta 24 Ltd. owned approximately 1.88% of UP Fintech worth $16,811,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of UP Fintech by 53.6% during 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 in the last quarter. Headlands Technologies LLC bought a new position in shares of UP Fintech in the first quarter valued at about $34,000. Blue Trust Inc. lifted its position in shares of UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock worth $78,000 after purchasing an additional 9,748 shares in the last quarter. SG Americas Securities LLC acquired a new position in UP Fintech during the 2nd quarter worth $78,000. Finally, Virtu Financial LLC boosted its holdings in UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock valued at $93,000 after acquiring an additional 10,329 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TIGR shares. China Renaissance upgraded UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price objective for the company in a report on Thursday. Citigroup reaffirmed a "sell" rating and issued a $5.50 price objective (up from $5.00) on shares of UP Fintech in a research report on Tuesday.

UP Fintech Stock Performance

Shares of TIGR traded up $0.09 during midday trading on Thursday, reaching $6.14. 12,021,167 shares of the stock were exchanged, compared to its average volume of 4,463,167. The stock's 50 day simple moving average is $5.29 and its 200 day simple moving average is $4.49. UP Fintech Holding Limited has a twelve month low of $3.10 and a twelve month high of $14.48. The company has a market cap of $963.30 million, a P/E ratio of 35.24 and a beta of 0.93. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32.

UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). UP Fintech had a return on equity of 5.35% and a net margin of 8.59%. The business had revenue of $87.44 million for the quarter.

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.