Renaissance Technologies LLC Increases Holdings in UP Fintech Holding Limited (NASDAQ:TIGR) – Dakota Financial News
Renaissance Technologies LLC grew its holdings in UP Fintech Holding Limited (NASDAQ:TIGR) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,301,673 shares of the company’s stock after acquiring an additional 98,275 shares during the period. Renaissance Technologies LLC owned about 0.81% of UP Fintech worth $13,785,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. IvyRock Asset Management HK Ltd purchased a new position in shares of UP Fintech in the third quarter valued at about $5,486,000. Sylebra Capital Ltd purchased a new position in shares of UP Fintech in the second quarter valued at about $93,512,000. Qube Research & Technologies Ltd purchased a new position in shares of UP Fintech in the second quarter valued at about $1,765,000. Point72 Asset Management L.P. purchased a new position in shares of UP Fintech in the second quarter valued at about $1,733,000. Finally, Ballentine Partners LLC lifted its position in shares of UP Fintech by 28.6% in the third quarter. Ballentine Partners LLC now owns 11,577 shares of the company’s stock valued at $123,000 after acquiring an additional 2,577 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.
Shares of NASDAQ TIGR opened at $4.58 on Friday. The business’s 50 day moving average is $4.69 and its two-hundred day moving average is $8.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 1.16. UP Fintech Holding Limited has a 1-year low of $3.61 and a 1-year high of $38.50. The stock has a market capitalization of $739.21 million, a P/E ratio of 25.45 and a beta of 1.48.
UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Monday, November 29th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. UP Fintech had a return on equity of 7.94% and a net margin of 11.45%. The company had revenue of $60.78 million for the quarter.
TIGR has been the topic of a number of research analyst reports. Citigroup decreased their target price on UP Fintech from $18.22 to $7.58 and set a “buy” rating on the stock in a research report on Wednesday, December 1st. Daiwa Capital Markets initiated coverage on UP Fintech in a research report on Tuesday, January 18th. They issued a “buy” rating and a $6.60 target price on the stock. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $16.47.
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.
See Also
- Get a free copy of the StockNews.com research report on UP Fintech (TIGR)
- 2 Tremendous Travel Stocks to Buy Now
- MarketBeat: Week in Review 2/7 – 2/11
- Can Uber (NYSE: UBER) Get Back On Track?
- The Institutions Are Buying Newell Brands, Maybe You Should Too
- Western Digital Stock is Ready to Pick Up
Receive News & Ratings for UP Fintech Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for UP Fintech and related companies with MarketBeat.com’s FREE daily email newsletter.
Original Source