Pictet Asset Management SA Has $146,000 Stake in UP Fintech Holding Limited (NASDAQ:TIGR)
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Profund Advisors LLC acquired a new position in shares of UP Fintech in the fourth quarter valued at $354,000. Squarepoint Ops LLC raised its stake in shares of UP Fintech by 299.7% in the third quarter. Squarepoint Ops LLC now owns 263,591 shares of the company’s stock valued at $2,791,000 after purchasing an additional 197,640 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of UP Fintech by 12.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 303,934 shares of the company’s stock valued at $1,492,000 after purchasing an additional 34,677 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 valued at $11,014,000 after purchasing an additional 656,305 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of UP Fintech by 4.9% in the third quarter. Barclays PLC now owns 217,273 shares of the company’s stock valued at $2,302,000 after purchasing an additional 10,154 shares in the last quarter. Institutional investors and hedge funds own 12.44% of the company’s stock.
Separately, TheStreet upgraded UP Fintech from a “d” rating to a “c-” rating in a research report on Monday, May 16th.
Shares of NASDAQ:TIGR opened at $4.01 on Friday. The business’s fifty day moving average price is $4.43 and its two-hundred day moving average price is $4.73. UP Fintech Holding Limited has a fifty-two week low of $2.68 and a fifty-two week high of $29.93. The stock has a market capitalization of $647.21 million, a price-to-earnings ratio of 50.13 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 (NASDAQ:TIGR – Get Rating) last announced its quarterly earnings results on Friday, March 18th. The company reported ($0.04) earnings per share for the quarter. UP Fintech had a net margin of 5.55% and a return on equity of 3.29%. The company had revenue of $62.20 million during the quarter.
About UP Fintech (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)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Want to see what other hedge funds are holding TIGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating).
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