Hsbc Holdings PLC Boosts Holdings in UP Fintech Holding Limited (NASDAQ:TIGR) – Slater Sentinel
Other hedge funds have also bought and sold shares of the company. US Bancorp DE bought a new position in shares of UP Fintech in the third quarter worth approximately $25,000. Salem Investment Counselors Inc. bought a new position in shares of UP Fintech in the second quarter worth approximately $61,000. Royal Bank of Canada grew its holdings in shares of UP Fintech by 584.5% in the second quarter. Royal Bank of Canada now owns 3,094 shares of the company’s stock worth $90,000 after purchasing an additional 2,642 shares during the last quarter. TAP Consulting LLC bought a new position in shares of UP Fintech in the third quarter worth approximately $106,000. Finally, Macquarie Group Ltd. grew its holdings in shares of UP Fintech by 56.5% in the third quarter. Macquarie Group Ltd. now owns 10,329 shares of the company’s stock worth $109,000 after purchasing an additional 3,729 shares during the last quarter. 16.50% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on TIGR. Daiwa Capital Markets began coverage on shares of UP Fintech in a report on Tuesday, January 18th. They issued a “buy” rating and a $6.60 target price on the stock. Citigroup cut their price target on shares of UP Fintech from $18.22 to $7.58 and set a “buy” rating on the stock in a report on Wednesday, December 1st. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $16.47.
TIGR stock opened at $4.58 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day moving average of $4.69 and a 200 day moving average of $8.89. UP Fintech Holding Limited has a 1 year low of $3.61 and a 1 year high of $38.50. The company has a market cap 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 results on Monday, November 29th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $60.78 million for the quarter. UP Fintech had a return on equity of 7.94% and a net margin of 11.45%.
UP Fintech 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.
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