Nkcfo LLC Buys Shares of 50,000 UP Fintech Holding Limited (NASDAQ:TIGR)

Nkcfo LLC acquired a new stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $323,000.

Several other large investors also recently modified their holdings of TIGR. GAMMA Investing LLC raised its position in shares of UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock valued at $32,000 after purchasing an additional 2,104 shares during the period. Blue Trust Inc. grew its position in shares of UP Fintech by 198.6% during the 3rd 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. Sparta 24 Ltd. increased its holdings in shares of UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company's stock worth $16,811,000 after purchasing an additional 1,675,296 shares during the period. Asset Management One Co. Ltd. raised its position in shares of UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock valued at $84,000 after buying an additional 4,377 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in UP Fintech by 10.1% in the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company's stock valued at $3,610,000 after acquiring an additional 62,145 shares in the last quarter. 9.03% of the stock is owned by institutional investors.

UP Fintech Price Performance

Shares of NASDAQ TIGR traded down $0.46 during mid-day trading on Wednesday, reaching $8.10. The company had a trading volume of 5,326,121 shares, compared to its average volume of 6,289,423. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 40.50 and a beta of 0.86. The business's 50-day simple moving average is $7.06 and its 200 day simple moving average is $6.03.

Analysts Set New Price Targets

Several analysts have recently issued reports on TIGR shares. China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Citigroup restated a "sell" rating and issued a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a research report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price target on the stock.

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.