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

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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.

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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.

Read Our Latest Stock Report on UP Fintech

UP Fintech Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for UP Fintech (NASDAQ:TIGR)

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