Wrapmanager Inc. Takes Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Wrapmanager Inc. bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 21,719 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Diversify Wealth Management LLC acquired a new position in shares of UP Fintech during the 4th quarter worth approximately $742,000. Virtu Financial LLC acquired a new stake in shares of UP Fintech in the 3rd quarter valued at approximately $539,000. Quadrature Capital Ltd bought a new position in shares of UP Fintech in the third quarter valued at $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UP Fintech by 66.2% during the third 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 buying an additional 81,300 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in UP Fintech by 10.1% during the third quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock worth $3,610,000 after acquiring an additional 62,145 shares in the last quarter. Institutional investors own 9.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective on the stock.

UP Fintech Stock Performance

TIGR opened at $7.06 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The business has a 50 day moving average of $7.08 and a 200-day moving average of $6.16. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 35.30 and a beta of 0.86.

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.