UP Fintech Holding Limited (NASDAQ:TIGR) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC grew its stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 741.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,427 shares of the company's stock after buying an additional 54,123 shares during the quarter. Headlands Technologies LLC's holdings in UP Fintech were worth $397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of UP Fintech during the fourth quarter worth about $34,000. GAMMA Investing LLC boosted its stake in shares of UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after purchasing an additional 3,105 shares during the period. Burns Matteson Capital Management LLC purchased a new position in shares of UP Fintech during the fourth quarter valued at approximately $91,000. Alliance Wealth Advisors LLC UT bought a new stake in shares of UP Fintech during the fourth quarter worth $92,000. Finally, Truist Financial Corp purchased a new stake in UP Fintech in the 4th quarter valued at about $116,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

UP Fintech Stock Up 3.6 %

Shares of NASDAQ TIGR traded up $0.24 during mid-day trading on Wednesday, reaching $7.00. 14,402,807 shares of the company were exchanged, compared to its average volume of 6,741,447. The firm has a 50-day moving average of $7.86 and a 200 day moving average of $7.09. UP Fintech Holding Limited has a 1 year low of $3.10 and a 1 year high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 35.00 and a beta of 0.65.

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UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. The business had revenue of $124.10 million for the quarter, compared to analysts' expectations of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

Analyst Ratings Changes

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

UP Fintech Company 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.