8,670 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Acquired by Man Group plc

Jared Coughlin 2021-11-23 10:11

UP Fintech logo Man Group plc purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,670 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds have also modified their holdings of the company. Korea Investment CORP bought a new stake in shares of UP Fintech during the 2nd quarter worth approximately $41,000. Royal Bank of Canada raised its position in UP Fintech by 584.5% during the 2nd quarter. Royal Bank of Canada now owns 3,094 shares of the company’s stock valued at $90,000 after purchasing an additional 2,642 shares in the last quarter. Shell Asset Management Co. bought a new stake in UP Fintech during the 2nd quarter valued at $101,000. DekaBank Deutsche Girozentrale bought a new stake in UP Fintech during the 2nd quarter valued at $149,000. Finally, Ensign Peak Advisors Inc bought a new stake in UP Fintech during the 2nd quarter valued at $170,000. 15.87% of the stock is owned by hedge funds and other institutional investors.

Separately, Citigroup decreased their target price on UP Fintech from $21.63 to $18.22 and set a “buy” rating for the company in a research report on Monday, September 13th.

Shares of NASDAQ TIGR opened at $6.25 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $9.39 and a two-hundred day simple moving average of $15.82. The firm has a market cap of $1.01 billion, a PE ratio of 78.13 and a beta of 1.54. UP Fintech Holding Limited has a twelve month low of $5.12 and a twelve month high of $38.50.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Friday, September 10th. The company reported ($0.05) EPS for the quarter. The company had revenue of $60.23 million during the quarter. UP Fintech had a return on equity of 9.95% and a net margin of 5.24%.

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.