Dorsey Wright & Associates Invests $2.58 Million in UP Fintech Holding Limited (NASDAQ:TIGR)

Dorsey Wright & Associates bought a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 399,219 shares of the company’s stock, valued at approximately $2,579,000.

A number of other large investors also recently added to or reduced their stakes in TIGR. Contrarius Group Holdings Ltd bought a new position in shares of UP Fintech during the fourth quarter valued at about $8,105,000. State Street Corp boosted its holdings in UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after acquiring an additional 34,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UP Fintech by 66.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after acquiring an additional 81,300 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in UP Fintech in the 4th quarter worth approximately $742,000. Finally, Virtu Financial LLC bought a new stake in UP Fintech in the third quarter valued at approximately $539,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Down 4.7 %

Shares of NASDAQ TIGR opened at $8.67 on Friday. The firm has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $6.83. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 month high of $14.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.60 billion, a PE ratio of 43.35 and a beta of 0.87.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TIGR shares. Citigroup upgraded shares of UP Fintech from a “sell” rating to a “neutral” rating and upped their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America assumed coverage on shares of UP Fintech in a report on Monday, March 17th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock.

UP Fintech Company Profile

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 services.