Renaissance Technologies LLC Increases Holdings in UP Fintech Holding Limited (NASDAQ:TIGR) – Dakota Financial News

   2022-02-12 10:02


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

Institutional Ownership by Quarter for UP Fintech (NASDAQ:TIGR)



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