Virtu Financial LLC purchased a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 101,022 shares of the company's stock, valued at approximately $539,000. Virtu Financial LLC owned approximately 0.05% of UP Fintech at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Marshall Wace LLP boosted 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 valued at $4,671,000 after buying an additional 384,213 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of UP Fintech in the third quarter valued at about $516,000. Sparta 24 Ltd. lifted its position in shares of UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company's stock valued at $16,811,000 after purchasing an additional 1,675,296 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock worth $32,000 after buying an additional 2,104 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of UP Fintech during the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 9.03% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on TIGR. Citigroup restated a "sell" rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. China Renaissance upgraded shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target for the company in a research report on Thursday, October 24th.
Check Out Our Latest Stock Report on UP Fintech
UP Fintech Stock Performance
UP Fintech stock traded down $0.32 during trading on Monday, hitting $7.33. The stock had a trading volume of 9,552,756 shares, compared to its average volume of 5,077,502. 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's 50 day moving average is $6.64 and its two-hundred day moving average is $5.13. UP Fintech Holding Limited has a 1 year low of $3.10 and a 1 year high of $14.48. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 38.25 and a beta of 0.88.
UP Fintech Company Profile
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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.
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