UP Fintech Holding Limited (NASDAQ:TIGR) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 66.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,100 shares of the company's stock after purchasing an additional 81,300 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of UP Fintech worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sparta 24 Ltd. boosted its position in shares of UP Fintech by 113.7% during the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company's stock valued at $16,811,000 after acquiring an additional 1,675,296 shares during the last quarter. Marshall Wace LLP lifted its stake in UP Fintech by 52.8% in the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock worth $4,671,000 after purchasing an additional 384,213 shares during the last quarter. GSA Capital Partners LLP boosted its position 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 buying an additional 62,145 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of UP Fintech by 162.7% in the second quarter. Renaissance Technologies LLC now owns 92,441 shares of the company's stock valued at $388,000 after purchasing an additional 57,257 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in UP Fintech during the 2nd quarter worth $129,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

UP Fintech Price Performance

UP Fintech stock remained flat at $7.07 during trading hours on Thursday. 4,781,079 shares of the company's stock were exchanged, compared to its average volume of 5,086,233. UP Fintech Holding Limited has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company has a market capitalization of $1.31 billion, a P/E ratio of 35.35 and a beta of 0.88. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $6.50 and a 200 day moving average of $5.19.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target on the stock in a research report on Thursday, October 24th. Citigroup reissued a "sell" rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.

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.