Sparta 24 Ltd. Cuts Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Sparta 24 Ltd. lowered its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,470,967 shares of the company's stock after selling 677,161 shares during the period. UP Fintech makes up about 19.8% of Sparta 24 Ltd.'s investment portfolio, making the stock its 3rd largest position. Sparta 24 Ltd. owned approximately 1.34% of UP Fintech worth $15,962,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in UP Fintech by 162.7% during the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company's stock worth $388,000 after purchasing an additional 57,257 shares during the last quarter. Marshall Wace LLP grew its position in shares of UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock worth $4,671,000 after buying an additional 384,213 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of UP Fintech in the second quarter worth $129,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 2,104 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock valued at $78,000 after acquiring an additional 9,748 shares in the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TIGR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 target price for the company. China Renaissance raised 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, October 24th. Finally, Citigroup restated a "sell" rating and set a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.

UP Fintech Stock Performance

TIGR stock traded down $0.32 during trading on Tuesday, hitting $6.45. 6,043,614 shares of the company's stock traded hands, compared to its average volume of 3,882,609. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 32.25 and a beta of 0.86. UP Fintech Holding Limited has a 52 week low of $3.10 and a 52 week high of $14.48. The stock has a fifty day moving average price of $6.40 and a two-hundred day moving average price of $5.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

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.