UP Fintech Holding Limited (NASDAQ:TIGR) Shares Bought by Morgan Stanley
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC grew its position in UP Fintech by 3.6% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 26,200 shares of the company’s stock worth $466,000 after purchasing an additional 900 shares during the period. Sigma Planning Corp grew its position in shares of UP Fintech by 11.8% during the 2nd quarter. Sigma Planning Corp now owns 11,850 shares of the company’s stock valued at $343,000 after acquiring an additional 1,250 shares during the period. Korea Investment CORP acquired a new stake in shares of UP Fintech during the 2nd quarter valued at about $41,000. Advisor Group Holdings Inc. grew its position in shares of UP Fintech by 54.3% during the 2nd quarter. Advisor Group Holdings Inc. now owns 6,065 shares of the company’s stock valued at $176,000 after acquiring an additional 2,135 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in shares of UP Fintech during the 2nd quarter valued at about $101,000. 15.87% of the stock is currently owned by institutional investors.
Separately, Citigroup dropped 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.
Shares of UP Fintech stock opened at $7.12 on Friday. The firm has a market capitalization of $1.15 billion, a PE ratio of 89.01 and a beta of 1.54. UP Fintech Holding Limited has a twelve month low of $5.02 and a twelve month high of $38.50. The firm’s 50-day moving average price is $10.36 and its 200 day moving average price is $16.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41.
UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Friday, September 10th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $60.23 million during the quarter. UP Fintech had a net margin of 5.24% and a return on equity of 9.95%.
UP Fintech 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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