Qube Research & Technologies Ltd Invests $1.77 Million in UP Fintech Holding Limited (NASDAQ:TIGR)
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TIGR. Korea Investment CORP bought a new position in shares of UP Fintech in the 2nd quarter worth $41,000. Shell Asset Management Co. bought a new position in shares of UP Fintech in the 2nd quarter worth $101,000. DekaBank Deutsche Girozentrale bought a new position in shares of UP Fintech in the 2nd quarter worth $149,000. Advisor Group Holdings Inc. raised its position in shares of UP Fintech by 54.3% in the 2nd quarter. Advisor Group Holdings Inc. now owns 6,065 shares of the company’s stock worth $176,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Stephens Inc. AR bought a new position in shares of UP Fintech in the 1st quarter worth $196,000. 15.97% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:TIGR opened at $7.91 on Friday. The business’s 50-day moving average is $12.84 and its 200 day moving average is $17.82. UP Fintech Holding Limited has a 1 year low of $4.30 and a 1 year high of $38.50. The firm has a market capitalization of $1.28 billion, a P/E ratio of 98.89 and a beta of 1.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.06.
UP Fintech (NASDAQ:TIGR) last announced its earnings results on Friday, September 10th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $60.23 million for the quarter. UP Fintech had a net margin of 5.24% and a return on equity of 9.95%.
Several research analysts have recently commented on TIGR shares. TheStreet lowered UP Fintech from a “c-” rating to a “d+” rating in a research report on Wednesday, July 7th. The Goldman Sachs Group began coverage on UP Fintech in a research report on Tuesday, July 13th. They set a “sell” rating and a $21.10 target price on the stock. Finally, Citigroup reduced their target price on UP Fintech from $21.63 to $18.22 and set a “buy” rating on the stock in a research report on Monday, September 13th.
UP Fintech Company Profile
UP Fintech Holding Ltd. is a brokerage firm, which engages in the provision of online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Chaoyang District, China.
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