Capital Fund Management S.A. Buys 167,393 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)
Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. raised its stake in UP Fintech by 5.0% in the fourth quarter. Citigroup Inc. now owns 174,152 shares of the company’s stock worth $855,000 after buying an additional 8,282 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in UP Fintech by 12.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 303,934 shares of the company’s stock worth $1,492,000 after buying an additional 34,677 shares in the last quarter. Ground Swell Capital LLC bought a new position in UP Fintech in the fourth quarter worth approximately $57,000. Bank of America Corp DE raised its stake in UP Fintech by 41.4% in the fourth quarter. Bank of America Corp DE now owns 2,243,059 shares of the company’s stock worth $11,014,000 after buying an additional 656,305 shares in the last quarter. Finally, Profund Advisors LLC purchased a new position in UP Fintech in the fourth quarter worth $354,000. 12.44% of the stock is owned by hedge funds and other institutional investors.
Shares of TIGR opened at $3.93 on Wednesday. The firm has a market capitalization of $634.30 million, a PE ratio of 49.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 1.20. UP Fintech Holding Limited has a 1-year low of $2.68 and a 1-year high of $29.93. The company’s fifty day moving average price is $4.46 and its 200-day moving average price is $4.90.
UP Fintech (NASDAQ:TIGR – Get Rating) last issued its quarterly earnings data on Friday, March 18th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $62.20 million during the quarter. UP Fintech had a return on equity of 3.29% and a net margin of 5.55%.
Separately, Daiwa Capital Markets assumed coverage on shares of UP Fintech in a report on Tuesday, January 18th. They set a “buy” rating and a $6.60 price objective on the stock.
UP Fintech Profile (Get Rating)
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform; and account management services.
Further Reading
- Get a free copy of the StockNews.com research report on UP Fintech (TIGR)
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