Credit Suisse AG Has $7.46 Million Holdings in UP Fintech Holding Limited (NASDAQ:TIGR) – Watch List News

Mark Dietrich 2021-11-08 10:11

UP Fintech logo Credit Suisse AG raised its stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 804.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,278 shares of the company’s stock after purchasing an additional 228,835 shares during the period. Credit Suisse AG’s holdings in UP Fintech were worth $7,456,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG bought a new stake in UP Fintech in the 2nd quarter valued at $3,504,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in UP Fintech in the 2nd quarter valued at $551,000. Victory Capital Management Inc. bought a new stake in UP Fintech in the 2nd quarter valued at $1,172,000. Qube Research & Technologies Ltd bought a new stake in UP Fintech in the 2nd quarter valued at $1,765,000. Finally, QCM Cayman Ltd. bought a new stake in UP Fintech in the 2nd quarter valued at $223,000. 15.87% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on TIGR. Citigroup reduced their price target on shares of UP Fintech from $21.63 to $18.22 and set a “buy” rating for the company in a report on Monday, September 13th. The Goldman Sachs Group initiated coverage on shares of UP Fintech in a report on Tuesday, July 13th. They set a “sell” rating and a $21.10 price objective for the company.

NASDAQ:TIGR opened at $6.81 on Monday. The company has a 50-day moving average of $10.89 and a 200-day moving average of $16.85. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 85.14 and a beta of 1.54. UP Fintech Holding Limited has a 52 week low of $4.70 and a 52 week high of $38.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Friday, September 10th. The company reported ($0.05) EPS for the quarter. The business had revenue of $60.23 million for the quarter. UP Fintech had a return on equity of 9.95% and a net margin of 5.24%.

About UP Fintech

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.