Quantbot Technologies LP Makes New Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Quantbot Technologies LP bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 32,990 shares of the company's stock, valued at approximately $213,000.

A number of other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of UP Fintech in the 4th quarter valued at $34,000. GAMMA Investing LLC grew its stake in UP Fintech by 51.5% in the fourth 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 last quarter. Burns Matteson Capital Management LLC bought a new position in UP Fintech in the fourth quarter worth about $91,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of UP Fintech during the fourth quarter valued at about $92,000. Finally, Truist Financial Corp bought a new stake in shares of UP Fintech in the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 9.03% of the company's stock.

UP Fintech Stock Performance

TIGR stock traded down $0.03 during trading on Wednesday, reaching $8.65. The company had a trading volume of 3,024,500 shares, compared to its average volume of 6,551,390. 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 twelve month low of $3.10 and a twelve month high of $14.48. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 43.25 and a beta of 0.87. The firm has a 50-day simple moving average of $7.84 and a 200-day simple moving average of $6.94.

UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The business had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

Analyst Ratings Changes

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

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.